Income Tax And Corporate Tax - Study Mode

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[#236] Assessment U/S 143 shall be computed from the end of relevant assessment year

(A) within 18 months

(B) within 21 months

(C) within 12 months

(D) within 30 months

Correct Answer

(C) within 12 months

[#237] The due date of first installment of advance tax by assessee other than companies is:

(A) 15 th April

(B) 15 th June

(C) 15 th September

(D) 15 th December

Correct Answer

(B) 15 th June

[#238] Due to some dispute, the salary of a person is retained by an order of the court. Then, such salary will be

(A) included in income under the head salaries

(B) not included in income under the head salaries

(C) exempted

(D) None of the above

Correct Answer

(B) not included in income under the head salaries

[#239] Due date of furnishing return of income in case of a non-working partner shall be . . . . . . . . of the assessment year, whether the account of the firm are required to be audited or not.

(A) 31 st July

(B) 30 th September

(C) 30 th October

(D) 30 th November

Correct Answer

(A) 31 st July

[#240] Match the following. List-I List-II a. When the assessee is in default or is deemed to be in default in making payment of tax, including the tax deducted at source 1. Section 271(1)C b. Failure to pay the advance tax as directed by the assessing office 2. Section 273(1) c. Concealment of particulars of income or furnishing of inaccurate particulars of income 3. Section 201(1)

(A) a-1, b-2, c-3

(B) a-3, b-2, c-1

(C) a-3, b-1, c-2

(D) a-2, b-1, c-3

Correct Answer

(B) a-3, b-2, c-1