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-9 section-8
Each section contains 100 MCQs on
Income Tax and Corporate Tax .
Which of the following statements are true in the context of clubbing of income?
1. Provisions of Section 64 of the Income Tax Act, 1961, deals with clubbing of income.
2. Under Section 64(1)(ii), the remuneration of spouse from a concern in which the other spouse has substantial interest, is done.
3. Under Section 64(1)(iv), income from assets transferred to the spouse is done.
4. Under Section 64(1A), the clubbing of a minor child is done.
