Income Tax And Corporate Tax - Study Mode
[#696] The monetary amount used to record inter-company transactions is called
Correct Answer
(B) transfer price
[#697] Which of the following TAN represents the initial of the name of the TAN holder who can be a company, firm, individual, etc.?
Correct Answer
(B) Fourth alphabet
[#698] Tax planning is
Correct Answer
(C) Both A and B
[#699] Interest on capital paid by a firm to its partners, under the Income Tax Act, 1961, is allowed:
Correct Answer
(B) 12%
[#700] If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is:
Correct Answer
(D) Allowed as a deduction over five successive previous year in which amalgamation or demerger takes place