Income Tax And Corporate Tax - Study Mode
[#336] In which date, the Income Tax Act is enforced in India?
Correct Answer
(C) 1 st April 1962
[#337] Which of the following is/are agricultural income? 1. Income from growing flowers and creepers. 2. Income from dairy farming. 3. Rent for agricultural land received from sub-tenants by mortgagee in possession. Select the correct answer using the options given below
Correct Answer
(B) Both 1 and 3
[#338] Consider the following statements. Assertion: Tax avoidance is an art of avoiding tax without actually breaking the law. Reason: Avoidance of tax is not illegal.
Correct Answer
(D) Both A and R are correct
[#339] Causes of tax evasion is/are
Correct Answer
(D) All of these
[#340] Deduction of tax at source for insurance commission is at:
Correct Answer
(A) 10%