Income Tax And Corporate Tax - Study Mode

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[#126] Which form is required to be filed in for applying for TAN?

(A) Form 49B

(B) Form 49C

(C) A and B

(D) None of the above

Correct Answer

(A) Form 49B

[#127] Which of the following statement/s is/are true?

Correct Answer

(D) None of the above
(H) A is true while B is false
(K) A is true while B is false

[#128] If any sum of money, the aggregate value of which exceeds fifty thousand rupees, is received without consideration, by an individual or a Hindu undivided family, in any previous year from any person or persons on or after the 1 st day of April, 2006 but before 1 st of October 2009, the whole sum is taxable under the head:

(A) Income from Other Sources

(B) Income from Business and Profession

(C) Income from Capital Gain

(D) None of the above

Correct Answer

(A) Income from Other Sources

[#129] . . . . . . . . neither refers to petty repairs nor the repairs carried out year to year, but it refers to the repairs carried out presently, whatever its cost may be

(A) Maintenance

(B) Current maintenance

(C) Current repairs

(D) Repairs

Correct Answer

(D) Repairs

[#130] Which of the following is not included in Agricultural Income?

(A) Income from growing flowers

(B) Rent of Agricultural Land for agriculture work

(C) Income from purchasing of standing crop

(D) Income from agricultural work

Correct Answer

(C) Income from purchasing of standing crop