Income Tax And Corporate Tax - Study Mode
[#421] Which of the following is/are not treated as an agricultural income?
Correct Answer
(D) All of the above
[#422] If the aggregate agricultural income of the assessee is up to Rs. 5,000, we can disclose the agricultural income in the income tax return (ITR) 1. But if the agricultural income exceeds Rs. 5,000, then which of the following form is applied?
Correct Answer
(B) ITR 2
[#423] The following exemption acts mandate that house should be purchased by assessee and it does not stipulate that house should be purchased in name of assessee. Property purchased by assessee in joint name with his wife for 'shagun' purpose because of fact that assessee was physically handicapped and the whole consideration was paid by assessee, assessee entitled to exemption under the same act. What is the act?
Correct Answer
(A) Section 54F
[#424] Minimum Alternate Tax (MAT) is imposed on:
Correct Answer
(A) All companies
[#425] Income from salary involve income from:
Correct Answer
(D) All of these