Income Tax And Corporate Tax - Study Mode
[#726] SUGAM is also known as:
Correct Answer
(D) ITR-4
[#727] In a case of asset with large residual value, it is better to . . . . . . . . it rather than taken on . . . . . . . .
Correct Answer
(A) fire-purchase, lease
[#728] Income arising to a minor daughter shall be
Correct Answer
(A) clubbed with income of that person whose total income is higher
[#729] Why are cost-based approaches to transfer pricing often used in practice? 1. Because there is often no external market for the product that is being transferred 2. Because the external market is imperfect 3. Because the transferring division wants to maximize its profit 4. Because the buying division wants to maximize its profits
Correct Answer
(D) 1 and 2
[#730] What is the main reason for shifting profits from one country to another country?
Correct Answer
(D) To benefit from a difference in tax rates