Income Tax And Corporate Tax - Study Mode
[#316] For persons carrying on profession, tax audit is compulsory, if the gross receipts of the PY exceed
Correct Answer
(B) Rs. 50 crore
[#317] Which of the conditions apply, in case the interest on loan paid by the Government of India to a non-resident outside India is applied?
Correct Answer
(A) Not taxable
[#318] The provision regarding TDS is given under . . . . . . . . of income tax.
Correct Answer
(B) Sections 192-206
[#319] Entertainment allowance is the fund given to an employee by the company to pay for client meetings drinks, food, hotel stay, etc. Entertainment allowance is fully taxable for employees working in the case of:
Correct Answer
(A) Private sector employees
[#320] In the following cases, it cannot be said that the business has been discontinued 1. Where the business of the assessee has been shifted from one premises to another. 2. Where the business of the assessee has been shifted from one market to another. 3. Where one or the other department of the business had been closed down. 4. Where the business of an industrial undertaking carried on in India is discontinued in any previous year, due to extensive damage and such business is reestablished with in 3 years. Select the correct answer using the options given below
Correct Answer
(D) All of the above