Income Tax And Corporate Tax - Study Mode
[#401] Match the following. List-I (Sections) List-II (Maximum Deduction) a. Section 80C of IT Act 1. Rs. 10,000 b. Section 80D of IT Act 2. Rs. 40,000 c. Section 80DDB of IT Act 3. Rs. 1,50,000 d. Section 80TTA of IT Act 4. Rs. 25,000
Correct Answer
(B) a-3, b-4, c-2, d-1
[#402] Which of the following is the largest source of income of the government of India?
Correct Answer
(A) Direct tax
[#403] Under the Income Tax Act, 1961 unabsorbed depreciation can be carried forward for set-off purpose:
Correct Answer
(D) For unspecified period
[#404] Who will sign return of income in case of political party?
Correct Answer
(A) Chief Executive Officer
[#405] Taking full advantage of loopholes of law so as to attract least incidence of tax is known as
Correct Answer
(B) tax avoidance