Income Tax And Corporate Tax - Study Mode
[#341] In case of make or buy decision, the product is consumable one, raw material or required to replace a worn out part at the time of repair, its cost will be treated as . . . . . . . . expense and deductible in computing the income.
Correct Answer
(B) revenue
[#342] Any individual, who is resident in any previous year, in the next previous year, he shall be
Correct Answer
(D) Any one of the three
[#343] Under Section 194B and 194BB of Income Tax Act, tax is deductible @ . . . . . . . . on payment in respect of winnings from lotteries or cross word puzzles etc.
Correct Answer
(C) 30%
[#344] Which of the following income is exempt from Income Tax?
Correct Answer
(D) Perquisites in India
[#345] State, which of the following income is exempted from text?
Correct Answer
(A) Share in income of HUF