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-7 section-4
Each section contains 100 MCQs on
Income Tax and Corporate Tax .
Capital assets like equity shares which are listed in a recognized stock exchange in India will be treated as short-term capital assets if they are held by the taxpayer for a period of not more than following months immediately preceding the date of its transfer.
Consider the following statements.
1. To file return of income on prescribed date is covered under tax management.
2. Tax planning is always possible without tax management.
3. Tax management is done prior to tax planning.
Which of the statement(s) given above is/are correct?
As per the Income Tax Act, 1961 for the assessment year 2015-16, a deduction u/s 80 QQB for authors of books of literacy, artistic or scientific nature is allowed upto
