Income Tax And Corporate Tax - Study Mode
[#61] Which of the following statements is correct in regards to health and education cess? 1. Amount of income tax shall be increased by health and education cess. 2. Amount of income tax and surcharge shall be increased by health and education cess. Select the correct answer:
Correct Answer
(B) 2 only
[#62] Interest on excess refund is not payable if the amount of refund is :
Correct Answer
(A) Less than Rs. 10,000
[#63] The order of the Assessing Officer under section 210(3) requiring the taxpayer to pay advance tax on his current year's income may be passed during the financial year, but not later than:
Correct Answer
(C) Last day of February
[#64] Dividend received from Hindalco will be taxable
Correct Answer
(C) None of these
[#65] Property income is exempt from tax in which of the following case(s)?
Correct Answer
(D) All of the above