91. A price on goods and services sold by one member of a corporate family to another, such as from a parent to its subsidiary in a foreign country, is known as
92. Mr. Pawan was born on 18th April, 1986 in India and later he took citizenship of USA. Neither his parents nor his grandfather were born in undivided India. In this situation Mr. Pawan will be called
93. In case total income is enhanced by the Assessing officer by virtue of application of transfer pricing provisions:
94. Which of the following is not taxable under the head salaries?
95. Any rent or revenue derived from land which is situated in India and is used for agricultural purpose is:
96. The income of rent received from agricultural land is
97. Consider the following statements.
1. The aggregate amount of deduction under Sections 8oC to 8oU can exceed gross total income.
2. If a deduction is allowed under the above sections to the AoP or Bol, then deductions for the same payment/income will not be allowed to the members of the AoP/BoI.
3. Deduction is allowed only when it is claimed in his return under the heading "C Deductions in respect of certain incomes."
Which of the statement(s) given above is/are correct?
1. The aggregate amount of deduction under Sections 8oC to 8oU can exceed gross total income.
2. If a deduction is allowed under the above sections to the AoP or Bol, then deductions for the same payment/income will not be allowed to the members of the AoP/BoI.
3. Deduction is allowed only when it is claimed in his return under the heading "C Deductions in respect of certain incomes."
Which of the statement(s) given above is/are correct?
98. Rental income received by a foreign individual, from another foreign individual, in respect of the property situated in Delhi is taxable in the hands of:
99. The Payment of Gratuity Act came into force in:
100. Rate of depreciation on residential building is:
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 5
- Income Tax and Corporate Tax - Section 6
- Income Tax and Corporate Tax - Section 7
- Income Tax and Corporate Tax - Section 8
- Income Tax and Corporate Tax - Section 9