Income Tax And Corporate Tax - Study Mode
[#651] Source rule of taxation provides that income is to be taxed
Correct Answer
(B) in the country in which such income originates
[#652] Tax rates on the basis of slab system are applicable for the following assessee.
Correct Answer
(D) Hindu Undivided Family
[#653] In case of salary, the liability to deduct tax at source arise
Correct Answer
(B) only at the time of payment
[#654] If recipient of income fails to furnish his Permanent Account Number to deductor of tax, the tax shall be deducted
Correct Answer
(D) higher of the above rate
[#655] The interest on borrowed fund or under hire-purchase/instalment system is . . . . . . . . in computing the income.
Correct Answer
(A) deductible