Income Tax And Corporate Tax - Study Mode

[#196] For an individual, having income from salary or family pension and interest prescribed form
Correct Answer

(A) ITR-1

[#197] If any agriculture land is sold it is covered under the head
Correct Answer

(C) agricultural income

[#198] Two enterprises shall be considered as associated enterprises if at any time during the previous year, which of the following condition is satisfied?
Correct Answer

(B) Advancing of loan which is at least 51% of the book value of the assets of the borrower enterprise

[#199] Under the salary head, pension is:
Correct Answer

(A) Fully taxable

[#200] Who among the following is NOT included as "Person" as per section 2(31) of Income Tax Act?
Correct Answer

(A) An Individual being an NRI