Income Tax And Corporate Tax - Study Mode
[#91] A price on goods and services sold by one member of a corporate family to another, such as from a parent to its subsidiary in a foreign country, is known as
Correct Answer
(D) transfer prices
[#92] Mr. Pawan was born on 18 th April, 1986 in India and later he took citizenship of USA. Neither his parents nor his grandfather were born in undivided India. In this situation Mr. Pawan will be called
Correct Answer
(C) Foreign citizen
[#93] In case total income is enhanced by the Assessing officer by virtue of application of transfer pricing provisions:
Correct Answer
(B) deduction under Chapter VI A shall not be admissible from enhanced income
[#94] Which of the following is not taxable under the head salaries?
Correct Answer
(D) Both B and C
[#95] Any rent or revenue derived from land which is situated in India and is used for agricultural purpose is:
Correct Answer
(C) Exempted from tax