Income Tax And Corporate Tax - Study Mode

[#741] The payment of any simple interest to any partner is allowed only to the extent of 12% per annum as deduction as per:
Correct Answer

(B) Section 40B

[#742] Value of rent-free accommodation in case of Government employee shall be taxable up to:
Correct Answer

(C) License fee fixed by Government

[#743] An art of lodging tax without actually breaking the law is:
Correct Answer

(A) tax planning

[#744] The rate of depreciation on intangible assets is
Correct Answer

(B) 25%

[#745] A perk is:
Correct Answer

(B) Facility provided by employer to employee