Income Tax And Corporate Tax - Study Mode
[#151] For how many assessment years unabsorbed depreciation can be carried forward for set-off?
Correct Answer
(D) Unspecified period
[#152] The children education allowance, the amount exempted from taxable income is limited to:
Correct Answer
(C) Rs. 100 per year per child up to 2 children
[#153] Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of:
Correct Answer
(C) 30% of annual value
[#154] Which of the following statements are correct in context of short-term capital gains?
Correct Answer
(C) Both A and B
[#155] Minimum Alternative Tax (MAT) under Section 115 JB of the Income Tax Act is applicable on:
Correct Answer
(C) Certain companies