Income Tax And Corporate Tax - Study Mode
[#701] Which of the following articles in a Double Taxation Avoidance Agreement is absolutely essential to prevent treaty shopping?
Correct Answer
(C) Limitation of benefits
[#702] Match the following countries with the types of Double Taxation Avoidance Agreement signed by India with them: Country Type of Agreement a. Austria 1. Limited Agreement b. Bahamas 2. Comprehensive Agreements c. Lebanon 3. Comprehensive Agreements/Limited Multilateral Agreement d. Sri Lanka 4. Tax Information Exchange Agreement Choose the correct option from those given below:
Correct Answer
(B) a-2, b-4, c-1, d-3
[#703] Which of the following income are taxable under income tax? 1. Short-term capital gain 2. Providend fund receipt 3. Capital gain on sale of shares under Section 10(38) 4. Income of local authority 5. Interest received on government securities 6. Money found on the road Select the correct answer using the options given below
Correct Answer
(B) 1, 5 and 6
[#704] The provision relating to clubbing of income where transfer of income is done without transferring the assets is given under:
Correct Answer
(A) Section 60
[#705] Match the following. List-I List-II a. Tax evasion 1. Is done a financial activity, which a person proposes to carry out in near future b. Tax avoidance 2. Unrecorded sales c. Tax planning 3. Is a device, which technically satisfies the requirement of the law, but in fact it is not in accordance with the legislative intent d. Tax management 4. Takes steps to avail various tax incentives
Correct Answer
(B) a-2, b-3, c-1, d-4