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-6 section-7
Each section contains 100 MCQs on
Income Tax and Corporate Tax .
Consider the following statements.
1. Tax avoidance is temporary.
2. Tax planning is temporary in nature, while tax avoidance is permanent.
3. Certain conditions relating to Sections of Act are to be complained in tax management.
Which of the statement(s) given above is/are correct?
Regular assessment in respect of any income is to be made in a later assessment year, but . . . . . . . . on such income is payable in the previous year itself.
