Income Tax And Corporate Tax - Study Mode
[#466] Under the Income Tax Act, 1961 the education cess of (2% + 1%) is calculated on the amount of:
Correct Answer
(B) Income Tax Plus surcharge (if any)
[#467] Which of the following section applies, if a person is required to deduct tax under PAN in place of TAN as such person is not required to obtain TAN?
Correct Answer
(D) 194-IA
[#468] On salary payable by the Government of India outside India to an Indian citizen-
Correct Answer
(B) Will be taxed in India
[#469] A Ltd has a wholly owned subsidiary in Sri Lanka and it extends corporate guarantee to the said non-resident subsidiary. If the amount guaranteed is Rs. 95 crore, the assessing officer has to accept the guarantee fee declared by A Ltd for financial year 2018-19, if the guarantee fee declares is
Correct Answer
(C) Rs. 95 lakh
[#470] The income from the sale of a machinery used in business is treated as:
Correct Answer
(B) Short-term capital gain