Income Tax And Corporate Tax - Study Mode
[#271] Amount of advance tax paid on due date on or before December 15 th by assessee is
Correct Answer
(A) 75% of advance tax payable
[#272] Deduction under Section 80C to 80U are not allowed from the following incomes, although these incomes are part of gross total income. 1. Salary income 2. Long-term capital gains 3. Winnings of lotteries, race etc 4. Income by way of interest on safe deposit 5. Short-term capital gain on transfer of equity shares and units of equity oriented fund through a recognised stock exchange Select the correct answer using the options given below
Correct Answer
(D) 2, 3 and 5
[#273] The income of previous year is chargeable to tax in the:
Correct Answer
(A) Immediately succeeding assessment year
[#274] Which of the following points should be kept in mind to reduce the tax liability while taking a decision to repair or replace an asset?
Correct Answer
(D) All of the above
[#275] Which of the following is covered under section 80D of the Income Tax Act, 1961?
Correct Answer
(B) Medical insurance premium