Income Tax And Corporate Tax - Study Mode
[#681] Which of the following statements is/are correct? 1. An assessee may enjoy different residential status for different assessment year. 2. It is not necessary that a person, who is resident in India, cannot become resident in any other country for the same assessment year. 3. Where a person is in India only for a part of a day, it will be calculated as one complete day. Select the correct answer using the options given below
Correct Answer
(B) Both 1 and 2
[#682] If the asset is put to use for lessthan 180 days in the year in which it is acquired, the rate of depreciation will be
Correct Answer
(B) 30%
[#683] The amount of interest received from a single post office savings account is exempt from income tax to the extent of
Correct Answer
(C) 3500
[#684] Which of the following form is applicable to a company, other than a company claiming exemption under section 11 (exemption under section 11 can be claimed by charitable/religious trust)?
Correct Answer
(D) ITR-6
[#685] Which among the following is a correct statement about residential status of a company?
Correct Answer
(B) A company can never be classified as "not ordinarily resident"