Income Tax And Corporate Tax - Study Mode
[#96] The income of rent received from agricultural land is
Correct Answer
(A) Agricultural income
[#97] Consider the following statements. 1. The aggregate amount of deduction under Sections 8oC to 8oU can exceed gross total income. 2. If a deduction is allowed under the above sections to the AoP or Bol, then deductions for the same payment/income will not be allowed to the members of the AoP/BoI. 3. Deduction is allowed only when it is claimed in his return under the heading "C Deductions in respect of certain incomes." Which of the statement(s) given above is/are correct?
Correct Answer
(D) Both 2 and 3
[#98] Rental income received by a foreign individual, from another foreign individual, in respect of the property situated in Delhi is taxable in the hands of:
Correct Answer
(D) Ordinarily Resident (OR), Not Ordinarily Resident (NOR) and Non-Resident (NR)
[#99] The Payment of Gratuity Act came into force in:
Correct Answer
(D) 1972
[#100] Rate of depreciation on residential building is:
Correct Answer
(D) 5%