41. Which of the following income is exempt from Income Tax?
42. State, which of the following income is exempted from text?
43. The term 'person' includes . . . . . . . . as per Income Tax Law.
44. Given is the information related to a house:
Municipal Value (M.V.) Rs. 1,50,000
Fair Rent Rs. 1,80,000
Standard Rent Rs. 1,60,000
Actual Rent Rs. 20,000 p.m.
Municipal tax paid by owner is 20% of M.V. Unrealised rent Rs. 40,000 (conditions of rule 4 satisfied). What is the annual value of the house?
Municipal Value (M.V.) Rs. 1,50,000
Fair Rent Rs. 1,80,000
Standard Rent Rs. 1,60,000
Actual Rent Rs. 20,000 p.m.
Municipal tax paid by owner is 20% of M.V. Unrealised rent Rs. 40,000 (conditions of rule 4 satisfied). What is the annual value of the house?
45. The objective of transfer pricing is to . . . . . . . . within an organisation.
46. The maximum aggregate amount of deduction under sections 80C, 80CCC and 80CCD cannot exceed:
47. Match the following.
List-I
List-II
a. ITR-2
1. For a company other than a company claiming exemption under Section 11
b. ITR-6
2. For presumptive business income covered under Section 44AD and 44AE
c. ITR-7
3. For a person including a company whether or not registered under Section 25 of the Companies Act. 1956
d. ITR-4S SUGAM
4. For individual and HUF not having income from business of profession
| List-I | List-II |
| a. ITR-2 | 1. For a company other than a company claiming exemption under Section 11 |
| b. ITR-6 | 2. For presumptive business income covered under Section 44AD and 44AE |
| c. ITR-7 | 3. For a person including a company whether or not registered under Section 25 of the Companies Act. 1956 |
| d. ITR-4S SUGAM | 4. For individual and HUF not having income from business of profession |
48. Dividend paid by an Indian company outside India is
49. Which of the following sections of Income Tax Act defines the perquisites and their valuation?
50. Regular assessment means assessment made under Section
Read More Section(Income Tax and Corporate Tax)
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- Income Tax and Corporate Tax - Section 1
- Income Tax and Corporate Tax - Section 2
- Income Tax and Corporate Tax - Section 3
- Income Tax and Corporate Tax - Section 4
- Income Tax and Corporate Tax - Section 5
- Income Tax and Corporate Tax - Section 7
- Income Tax and Corporate Tax - Section 8
- Income Tax and Corporate Tax - Section 9