Income Tax And Corporate Tax - Study Mode

[#206] The total income of the assessee has been computed at Rs. 1,53,494.90 after rounding off, the total income will be taken as
Correct Answer

(B) Rs. 1,53,490

[#207] An Advance Pricing Authority is an agreement between a tax payer and tax authority determining the transfer pricing methodology for pricing the tax payers international transactions for future years. The APA shall be valid for which of the following period as may be specified in the agreement?
Correct Answer

(A) For such period not exceeding 5 consecutive previous years

[#208] Form issued for TDS on salary is
Correct Answer

(A) Form 16

[#209] Which of the following sections deal with PAN?
Correct Answer

(B) Section 139A

[#210] Which of the following sections of Income Tax Act is related to residential status?
Correct Answer

(B) Section 6