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Income Tax and Corporate Tax MCQ Questions and Solutions with Explanations | Commerce

Income Tax and Corporate Tax MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Income Tax and Corporate Tax MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-2 section-9

Each section contains 100 MCQs on Income Tax and Corporate Tax .
11
Income accrued outside India and received outside India is taxable in case of:
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Answer: Option A
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12
Income accrued in India is taxable-
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Answer: Option A
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13
. . . . . . . . is an arrangement that provides a person with the use and control over an asset, for a price payable periodically, without having a title of ownership.
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Answer: Option A
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14
For computation of Gross Annual Value, if actual rent is more than expected rent, then we select the:
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Answer: Option A
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15
Intimation of loss is covered under Section
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Answer: Option C
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16
The statutory limit for deduction U/S 80GG of Income Tax Act, 1961, for the assessment year 2019-20 is
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Answer: Option D
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