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-5 section-7
Each section contains 100 MCQs on
Income Tax and Corporate Tax .
Rent from House Property let out by an assessee to his employees when such letting is incidental to his main business will be chargeable to tax under head:
Two enterprises shall be deemed to be associated enterprises if, at any time during the previous year, one enterprise holds shares carrying not less than of the voting power in the other enterprise.
Mr A earned a capital gain of Rs. 100 lakh on 31st February, 2019 from the sale of a long-term capital asset (land) within the limits of Jaipur corporation. If he invests Rs. 60 lakh, out of Rs. 100 lakh, in Rural electricity corporation bonds approved under Section 54EC in 20th February, 2019, what is the amount of exemption he can claim under Section 54EC of Income Tax Act for the AY 2019-20?
