Income Tax And Corporate Tax - Study Mode
[#41] Tax is computed on agricultural income, when
Correct Answer
(C) on happening of both A and B
[#42] Who can be an 'Not ordinary resident' in India?
Correct Answer
(C) Hindu undivided family
[#43] Deduction u/s 37(1) is allowed under tax laws for those expenditures which are:
Correct Answer
(A) revenue
[#44] What is the difference between tax avoidance and evasion?
Correct Answer
(C) Avoidance is legal and evasion is illegal
[#45] Identify the correct statement/s. 1. Legal provisions are not followed in tax-planning. 2. The advantage due to loopholes of tax laws are taking in tax avoidance. 3. Tax evasion is punishable crime.
Correct Answer
(C) 2 and 3