Income Tax And Corporate Tax - Study Mode

[#156] Which authority has right to rectify the mistakes?
Correct Answer

(B) The authority which has passed the order

[#157] Income received in India in previous year is taxable in the hands of:
Correct Answer

(D) All of these

[#158] To determine the net annual value:
Correct Answer

(A) The municipal tax actually paid for the current year and previous year is deducted

[#159] Intimation for assessment on the basis of return U/S 143(1) cannot be sent after the expiry of
Correct Answer

(B) one year from the end of financial year in which return is made

[#160] The best judgement assessment is done under which of the following sections?
Correct Answer

(A) U/S 144