Income Tax And Corporate Tax - Study Mode
[#231] Where a person derives income from a nation with which India does not have a DTAA, such person is given credit in India in the following manner.
Correct Answer
(D) Tax paid on income which is doubly taxed, is allowed as deduction, at the Indian rate of tax or rate of tax of the foreign country, which ever is lower
[#232] "Tax planning is a moral way of tax saving, in it a tax payer reduce tax liability honestly and it's a long-term process." This definition is given by
Correct Answer
(A) Prof Colder
[#233] The share of the partner in the income of the partnership firm will be
Correct Answer
(C) Completely tax free
[#234] Return of income is submitted under which of the following sections?
Correct Answer
(B) U/S 139(1)
[#235] To reduce tax liability, in case of income is high in relevant years, the pace of repair and renewal can be
Correct Answer
(C) faster