Business Management : Practice Questions and Answers

Which among the following is not a widely held company

What are treated as agricultural income

Using the loopholes of law to reduce tax is known as

Under the Income-tax Act, 1961, notional profit from speculative business is

Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head

Under the Income Tax Act, 1961, depreciation on machinery is charged on

Under the head Income from House Property the basis of charge is

Tonnage tax system is exclusively intended to

The total income of a non domestic company is taxable at the rate of

The total income of a domestic company is taxable at the rate of

The salary, remuneration or compensation received by the partners is taxable under the head

The rate of corporate dividend tax during the year 2018-19 is

The Presumptive Taxation Scheme of Section 44 AD can be adopted by

The method by which a person illegally reduces his tax burden by either deflating their income or inflating their expenses is known as

The maximum deduction available under section 80 C is

The loss from speculation business can be set off against

The Income Tax Act came into force from

The inclusion of income of other person in the income of assesseeis called

The employer made a contribution of Rs 25,000 to recognized provident fund for the previous year 2018-19. Such payment was made on 12th March, 2019. Such expenditure shall be considered as

The books of accounts are to be kept and maintained for a period of how many years from the end of the relevant assessment year.