Assertion (A): Tax evasion is undertaken by employing unfair means.
Reason (R): Payment of tax is avoided through illegal means or fraud for tax evasion.
A. (A) is true and (R) is the correct explanation of (A)
B. (A) is true, but (R) is not the correct explanation of (A)
C. Both (A) and (R) are true independently and (R) may be considered as an explanation of (A)
D. Both (A) and (R) are false
Answer: Option A
A. 3, 4 and 5
B. 2, 4 and 5
C. 1, 2 and 3
D. 1, 3 and 5
Entertainment allowance for non-government employees are:
A. Fully exempted
B. Fully taxable
C. Partially taxable
D. Fully exempted in specified
E. Partially exempted in selected areas
In tax laws, donation to approved and notified association for scientific research is allowed as:
A. 125% of the donation
B. 100% of the donation
C. 175% of the donation
D. 150% of the donation
A. Both the Statements (I) and (II) are correct
B. Statement (I) is correct, but (II) is incorrect
C. Both Statements (I) and (II) are incorrect
D. Statement (II) is correct, but (I) is incorrect
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