Income Tax And Corporate Tax - Study Mode
[#561] All income which arises to the minor child shall be clubbed in the income of his/her:
Correct Answer
(A) Parents
[#562] X Ltd is an Indian company. It carries own business in Mumbai and London. The entire control and management of X Ltd is situated outside India. Three-fourth of total income of the company is from the business in London, what is the residential status of X Ltd?
Correct Answer
(A) Resident
[#563] Return of income is submitted under which Section of Income-tax Act?
Correct Answer
(C) Section 139(1)
[#564] Which of the following is not a head of income under Income Tax Act?
Correct Answer
(B) Interest on securities
[#565] Cost of issue of share is allowed as deduction in
Correct Answer
(C) 5 years under Section 35(D)