Income Tax And Corporate Tax - Study Mode
[#406] Dividend paid by Indian company outside India as per Section 9(1)(iv) is deemed as
Correct Answer
(B) accrued in India
[#407] The authority for advance ruling in income-tax is appointed by:
Correct Answer
(C) The Central Government
[#408] Under Income Tax Act, the income liable for tax is classified on the basis of
Correct Answer
(D) Both A and B
[#409] Which of the following capital expenditure is not allowed deduction?
Correct Answer
(C) Purchase of land
[#410] Which of the following penalty has been prescribed under the Income-tax Law for quoting incorrect Tax Deduction Account Number or Tax Collection Account Number (as the case may be)?
Correct Answer
(C) No penalty