Income Tax And Corporate Tax - Study Mode
[#791] Regular assessment in respect of any income is to be made in a later assessment year, but . . . . . . . . on such income is payable in the previous year itself.
Correct Answer
(B) tax
[#792] Tax management is done:
Correct Answer
(A) Before Tax planning
[#793] Deduction under Section 40(b) shall be allowed on account of salary/remuneration paid to
Correct Answer
(C) working partner only
[#794] If Mr. X received Rs. 14,000 from winning of lottery, then what is the amount of gross income of winning?
Correct Answer
(A) Rs. 20,000
[#795] Match the items of List-I with the items of List-II . List-I List-II a. Amount deposited in PPF 1. 80-IA b. Profits and gains from undertakings engaged in infrastructure development 2. 80-G c. Contribution to National Defence Fund 3. 80-1AB d. Profits and gains by an undertaking engaged in the development of Special Economic Zone 4. 80-C
Correct Answer
(B) a-4, b-1, c-2, d-3