Income Tax And Corporate Tax - Study Mode
[#276] In which of the following long-term assets, cost indexation benefit is allowed?
Correct Answer
(D) Jeweller
[#277] Under which of the following sections does an individual or a HUF is liable to deduct TDS, if such individual or HUF was liable to get his/its accounts audited under section 44AB in the preceding financial year?
Correct Answer
(A) Section 194A
[#278] Income of minor is clubbed however the clubbing provision is not applicable if
Correct Answer
(A) minor is handicapped as specified under Section 80U
[#279] A person who live in America, came to India for the first time on 1 st March, 1999 and went back to America on 20 th February, 2000. For the assessment year 2000-01, it will be called-
Correct Answer
(B) Not ordinary resident
[#280] Which of the following incomes are exempt from tax? 1. Dividend received from foreign company. 2. Agricultural income. 3. Income received by a foreigner in outside India. 4. Capital gain income. 5. Dividend received from Indian company. 6. Rental income of house property.
Correct Answer
(A) 2, 3 and 4