41. Where an expenditure is incurred to bring new asset into existence or to obtain a new or fresh advantage, it is considered as a
42. Under which of the following provisions of Income Tax, Tax Deducted at Source (TDS) is provided for?
43. Section 111A is applicable in case of STCG arising on transfer of equity shares through recognized stock exchange and such transaction is liable to securities transaction tax. STCG covered under section 111A is charged to tax at the rate of:
44. Mr. XYZ deposits Rs. 1,00,000 in PPF account to claim deduction under section 80C. It is:
45. Exemption, under Section 54F of the Income Tax Act, 1961, shall not be allowed if the assessee, on the date of transfer owns
46. Donation made to following are eligible for 100% deduction without any qualifying limit.
1. National Defence Fund set-up by the Central Government
2. National Sports Fund set-up by the Central Government
3. Jawaharlal Nehru Memorial Fund
4. National Illness Assistance Fund
5. National Children's Fund
Select the correct answer using the options given below
1. National Defence Fund set-up by the Central Government
2. National Sports Fund set-up by the Central Government
3. Jawaharlal Nehru Memorial Fund
4. National Illness Assistance Fund
5. National Children's Fund
Select the correct answer using the options given below
47. An equipment was acquired at a cost of Rs. 10 lakh and was put to use in Scientific Research. After one year of research the equipment was brought into another business of the assessee. For charging depreciation, block of assets shall be increased by:
48. Which of the following is correct in regard to, interest on excess refund?
49. The sum of various heads is called as:
50. Loss from lottery can be set-off against
Read More Section(Income Tax and Corporate Tax)
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- 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 7
- Income Tax and Corporate Tax - Section 9