Examveda

Consider the following statements.
1. From 1^st June, 2006 onwards, the assessing officer has the power, inter alia, to allot PAN to any person by whom no tax is payable.
2. A tax return preparer can be an individual.
3. CBDT conducts various courses at different computer centres of the department to build up/in house expertise in the field of computers at various operational levels.
Which of the statements given above is/are correct

A. Both 1 and 3

B. Only 3

C. Both 2 and 3

D. All of the above

Answer: Option D

This Question Belongs to Commerce >> Income Tax And Corporate Tax

Join The Discussion

Related Questions on Income Tax and Corporate Tax

A. 3, 4 and 5

B. 2, 4 and 5

C. 1, 2 and 3

D. 1, 3 and 5

View Answer

A. Fully exempted

B. Fully taxable

C. Partially taxable

D. Fully exempted in specified

E. Partially exempted in selected areas

View Answer

A. 125% of the donation

B. 100% of the donation

C. 175% of the donation

D. 150% of the donation

View Answer

Statement (I): If the tax liability has been reduced within the legal framework, it is tax planning.
Statement (II): If tax liability has been reduced to get benefit of deduction available under the income tax, it is called tax evasion.
In the context of the above two statements, which one of the following is correct?

A. Both the Statements (I) and (II) are correct

B. Statement (I) is correct, but (II) is incorrect

C. Both Statements (I) and (II) are incorrect

D. Statement (II) is correct, but (I) is incorrect

View Answer