Income Tax And Corporate Tax - Study Mode

[#636] A company sold a residential house. Under which Section, the company can get exemption on long-term capital gains?
Correct Answer

(C) Section 54EC

[#637] A very senior citizen for income tax is a person whose age is more than the following-
Correct Answer

(C) 80 years

[#638] What is the time limit for filing revised return at present year?
Correct Answer

(B) Before the expired of one year from the end of the relevant assessment year

[#639] Non agricultural income includes-
Correct Answer

(D) All of the above

[#640] An educational institution whose object is not to make profit under which section the income is exempt from tax?
Correct Answer

(A) 10(23C)