Income Tax And Corporate Tax - Study Mode

[#596] Receiving dividend from a foreign company by a person resident in India will be tax liability in the assessment year 2005-06
Correct Answer

(C) Taxes to be paid by the resident in India

[#597] The provision for the set off and carry forward of losses in Income Tax Act, 1961 is given under:
Correct Answer

(B) Sections 70-80

[#598] Any mistake apparent from record passed by the authority can be rectified within
Correct Answer

(B) 4 years

[#599] Any commission due or received by a partner of a firm from the firm shall not be regarded as salary income under:
Correct Answer

(A) Section 15

[#600] How many types of taxes can be charged in the invoice under GST?
Correct Answer

(B) 3