61. Capital assets like equity shares which are listed in a recognized stock exchange in India will be treated as short-term capital assets if they are held by the taxpayer for a period of not more than following months immediately preceding the date of its transfer.
62. An individual who transfers house property without an adequate consideration to his owner spouse or to minor child is called as:
63. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in case of:
64. The certain amendments have been done to Section 54 of Income Tax Returns Act, 1961 for 2020-21. Which of the amendment/s doles apply or do not apply?
65. Tax . . . . . . . . is tax hedging within the frame of law.
66. First 3 alphabets of TAN represent the:
67. Consider the following statements.
1. To file return of income on prescribed date is covered under tax management.
2. Tax planning is always possible without tax management.
3. Tax management is done prior to tax planning.
Which of the statement(s) given above is/are correct?
1. To file return of income on prescribed date is covered under tax management.
2. Tax planning is always possible without tax management.
3. Tax management is done prior to tax planning.
Which of the statement(s) given above is/are correct?
68. Signing of return is covered under Section
69. The Resident HUF is ordinarily resident in India, if:
70. As per the Income Tax Act, 1961 for the assessment year 2015-16, a deduction u/s 80 QQB for authors of books of literacy, artistic or scientific nature is allowed upto
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