Income Tax And Corporate Tax - Practice Test

(A) branch

(B) an office for carrying out routine administrative work

(C) a factory for manufacture of goods

(D) a warehouse for storage of goods

(D) a warehouse for storage of goods

(A) Interest paid on amounts borrowed to meet tax liabilities

(B) Collection charges paid to the banker or any other person to collect interest/dividend

(C) Interest on loan taken to invest in securities

(D) Depreciation on let out machinery and plant

(A) Interest paid on amounts borrowed to meet tax liabilities

(A) 10%

(B) 20%

(C) 30%

(D) 40%

(C) 30%

(A) It is in India in the previous year for a period of 182 days or more

(B) It is in India for period of 60 days or more during the previous and 365 days or more during the four years immediately proceed previous year

(C) All of the above

(D) None of the above

(C) All of the above

(A) (1) → (3) → (4) → (2)

(B) (1) → (2) → (3) → (4)

(C) (1) → (2) → (4) → (3)

(D) (3) → (1) → (4) → (2)

(A) (1) → (3) → (4) → (2)

Income Tax And Corporate Tax - Study Mode