81. Which of the following is not a method for determining Arms-Length price?
82. Alpha Ltd's total income of A.Y. 2019-20 has increased by Rs. 34 lakh due to application of arm's length price by the assessing officer on transactions of purchase of goods from its foreign holding company in respect of a retail trade business carried on by it, and the same has been accepted by S Ltd, then
83. Surcharge of 10% is payable by an individual, where his/her total income exceeds to
84. Which of the following statement is not correct?
85. Amount of advance tax paid on due date on or before December 15th by assessee is
86. Deduction under Section 80C to 80U are not allowed from the following incomes, although these incomes are part of gross total income.
1. Salary income
2. Long-term capital gains
3. Winnings of lotteries, race etc
4. Income by way of interest on safe deposit
5. Short-term capital gain on transfer of equity shares and units of equity oriented fund through a recognised stock exchange
Select the correct answer using the options given below
1. Salary income
2. Long-term capital gains
3. Winnings of lotteries, race etc
4. Income by way of interest on safe deposit
5. Short-term capital gain on transfer of equity shares and units of equity oriented fund through a recognised stock exchange
Select the correct answer using the options given below
87. The income of previous year is chargeable to tax in the:
88. Which of the following points should be kept in mind to reduce the tax liability while taking a decision to repair or replace an asset?
89. Which of the following is covered under section 80D of the Income Tax Act, 1961?
90. In which of the following long-term assets, cost indexation benefit is allowed?
Read More Section(Income Tax and Corporate Tax)
Each Section contains maximum 100 MCQs question on Income Tax and Corporate Tax. To get more questions visit other sections.
- 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 6
- Income Tax and Corporate Tax - Section 8
- Income Tax and Corporate Tax - Section 9