Income Tax And Corporate Tax - Study Mode

[#721] Second instalment of advance tax payable falls due on or before
Correct Answer

(C) 15 th September

[#722] Where an assessee is eligible to claim the DTAA benefit?
Correct Answer

(C) Provisions of DTAA or income tax act, whichever is more beneficial, shall apply to the assessee

[#723] The maximum amount of deduction allowed under Section 80C
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(C) Rs. 1,50,000

[#724] House used for self-residence comes under
Correct Answer

(C) Section 23

[#725] If the product, either manufactured or purchased, is a capital asset, its cost will not be allowed as a deduction in computing the income. However, if the asset is such, on which depreciation is allowed, it will be allowed in case(s) of
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(D) Both A and B