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41
Deduction under Section 40(b) shall be allowed on account of salary/remuneration paid to
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Answer: Option C
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42
If Mr. X received Rs. 14,000 from winning of lottery, then what is the amount of gross income of winning?
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Answer: Option A
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43
Match the items of List-I with the items of List-II.
List-I List-II
a. Amount deposited in PPF 1. 80-IA
b. Profits and gains from undertakings engaged in infrastructure development 2. 80-G
c. Contribution to National Defence Fund 3. 80-1AB
d. Profits and gains by an undertaking engaged in the development of Special Economic Zone 4. 80-C
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Answer: Option B
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44
TDS on payments to contractor is covered under Section
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Answer: Option C
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45
Authors who write books and present the same to publishers can avail deductions under Section 80QQB of the Income Tax Act 1961. The maximum amount available for deduction under this section is:
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Answer: Option C
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46
In tax laws, donation to approved and notified association for scientific research is allowed as
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Answer: Option D
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47
In regards to tax planning, which of the following is correct?
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Answer: Option C
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48
The provisions relating to taxation of indirect transfer of shares of an Indian company were introduced Vide Finance Act, 2012 as a consequence of which of the following decisions of the Supreme Court?
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Answer: Option B
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49
The due date for filing return of income of the trust would be
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Answer: Option B
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50
Find out the correct one:
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Answer: Option B
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