Income Tax And Corporate Tax - Study Mode
[#711] Under which of the methods of taxation is particular income taxed in only one of the two countries:
Correct Answer
(B) Exemption Method
[#712] In case of conflict between the provisions of the DTAA and the Income Tax Act, 1961, then
Correct Answer
(C) the provision of the act will apply to the extent, they are more beneficial to the assessee
[#713] The income charged under the head Business/Profession are:
Correct Answer
(D) All of the above
[#714] Match List-I with List-II . List-I List-II a. Tax Planning 1. To comply with the provisions of laws. b. Tax Avoidance 2. To reduce tax liability by applying unfair means. c. Tax Evasion 3. To reduce the tax liability to the minimum by applying script of law only. d. Tax Management 4. To reduce tax liability by applying script and moral of law.
Correct Answer
(C) a-4, b-3, c-2, d-1
[#715] Income received in India whether occurred in India or outside India, the tax incidence in case of resident is:
Correct Answer
(A) Taxable as per slabs