Income Tax And Corporate Tax - Study Mode
[#81] Third instalment of advance tax payable falls due on or before
Correct Answer
(D) 15 th December
[#82] Every salaried person as per labour law is entitled to a minimum number of paid leave every year. However, it is not necessary that an individual employee utilises all the leave he is entitled for a year. Which of the following acts has the provision of 'encashment of earned leave' under Income Tax Act, 1961?
Correct Answer
(A) Section 10(10AA)
[#83] Under which of the following situations, the Appellate Tribunal can rectify the mistake in the order passed by it under Sec 254(2) of Income Tax Act? (1) If subsequent decision of the Supreme Court/High Court is available on the subject after the Appellate Tribunal's order (2) If an assessee applies for rectification of the Tribunal's order by raising fresh grounds before the Tribunal (3) If the omission or mistake is on the part of Appellate Tribunal (4) If the order is passed by the Appellate Tribunal under an erroneous impression of fact or law
Correct Answer
(C) 1, 3 and 4
[#84] If the agricultural income of the female taxpayer is Rs. 8,000. His agricultural income will be added to his total income if the total income is more than the following
Correct Answer
(C) Rs. 2,00,000
[#85] What will be the assessment year of the financial year 2017-18
Correct Answer
(C) 2018-19