Income Tax And Corporate Tax - Study Mode
[#111] According to Section 60, income is clubbed if
Correct Answer
(D) income is transferred without transferring asset yielding income
[#112] As per the rules pertaining to Income Tax Act, any asset which is acquired during the previous year and has been put to use for 50 days will be allowed to deduct depreciation as:
Correct Answer
(D) 50% of the usual depreciation
[#113] Consider the following statements. 1. E-filing of return can filed without digital signature as well. 2. PAN can be used to pay the TDS deducted into government account. 3. In 1972, system of Permanent Account Number was introduced. Which of the statement(s) given above is/are correct?
Correct Answer
(C) Both 2 and 3
[#114] Banking Ombudsman Scheme was introduced by RBI with effect from:
Correct Answer
(D) 1995
[#115] Which of the following person is eligible to seek advance ruling from authorities?
Correct Answer
(D) Non-residents