Match List-I with List-II and select the correct answer:
List-I | List-II |
a. Tax planning | 1. Making suitable arrangement of TDS |
b. Tax avoidance | 2. Understatement of income |
c. Tax evasion | 3. Availing deduction under Section 10 (A) of IT Act |
d. Tax administration | 4. Misinterpreting the provisions of the IT Act |
A. a-2, b-1, c-4, d-3
B. a-1, b-4, c-3, d-2
C. a-3, b-4, c-2, d-1
D. a-4, b-1, c-3, d-2
Answer: Option C
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
Entertainment allowance for non-government employees are:
A. Fully exempted
B. Fully taxable
C. Partially taxable
D. Fully exempted in specified
E. Partially exempted in selected areas
In tax laws, donation to approved and notified association for scientific research is allowed as:
A. 125% of the donation
B. 100% of the donation
C. 175% of the donation
D. 150% of the donation
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
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