Income Tax And Corporate Tax - Study Mode

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[#806] Tax treaty is part of international law
hence its interpretation should be based on a certain set of principles and rules of interpretation. Which convention is used globally for interpretation of tax treaties?

(A) The UN model convention

(B) The OECD model convention

(C) Either A or B

(D) The Vienna convention

Correct Answer

(D) The Vienna convention

[#807] An assesses, after sale of house property, receiving arrears of rent (is/is not) chargeable to tax
the same computed in the stipulated manner, is chargeable to tax as:

(A) Income from House Property

(B) Income from Other Sources

(C) Either A or B

(D) Neither A nor B

Correct Answer

(C) Either A or B