Income Tax And Corporate Tax - Study Mode
[#181] Value of rent-free accommodation or a house owned by employer in case of nongovernment employees with above 25 lakh population is:
Correct Answer
(A) 15% of employee salary
[#182] Deduction from annual value is allowed under:
Correct Answer
(A) Section 24
[#183] Two enterprises shall be deemed to be associated enterprises if, at any time during the previous year, one enterprise guarantees not less than . . . . . . . . of the total borrowings of the other enterprise.
Correct Answer
(D) 10%
[#184] Which one of the following is agricultural income under Income Tax Act?
Correct Answer
(D) Income from the sale of replanted trees where denuded parts of the forest are replanted and subsequent operations in forestry are carried out
[#185] Which of the following conditions must be satisfied to charge the rental income under the head Income of House Property?
Correct Answer
(D) All of the above