Income Tax And Corporate Tax - Study Mode
[#321] Which one of the following deductions will not come under Section 80 of the Income Tax Act?
Correct Answer
(C) Deduction for interest on loan taken for the construction/purchase of house property
[#322] Which of the following type of transactions cannot be exhaustively covered by the provisions of Permanent Establishment covered in DTAA?
Correct Answer
(B) Royalty transactions
[#323] Any term used in DTAA with a foreign country and not defined in the agreement or the act but assigned a meaning in the notification issued by the Central Government in the official gazette, shall have the meaning assigned in such notification and shall be effective from the
Correct Answer
(A) date of the DTAA
[#324] Exempted income is:
Correct Answer
(A) Provident fund
[#325] If an assessee is engaged in the business of growing and manufacturing tea in India, the portion of agricultural income in that case shall be
Correct Answer
(B) 60%