Tax Planning And Management in Business Management : Practice MCQ Questions & Answers with Explanations

An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of the taxable commodities transactions. Income arising of Rs 3,00,000 from such taxable commodities transactions was included in the income computed under the head Profits and gains of business or profession. Such expenditure of payment of Commodities transaction tax shall be considered as

An assessee was engaged in the business of cattle rearing. He incurred a loss in respect of animals which were used for the purposes of his business (otherwise Such expenditure shall be considered as than as stock-in trade) and which have die

An assessee paid insurance premium against risk of damage or destruction of stocks or stores used for the purposes of his business or profession. Such expenditure shall be considered as

An assessee incurred expense of tax on non monetary perquisites of employees. Such expenditure shall be considered as

Amendments by the finance act are made applicable from

Alternate Minimum Tax shall not be applicable to a non-corporate assessee who has claimed any deduction under:

A short term capital asset means a capital asset held by the assesse for not more than

A person carrying not less than............of the voting power in a company is said to have substantial interest in the company.

A company which is neither an Indian company not has made the prescribed arrangements for the declaration and payment of dividends within India is called

A company in which the public is not substantially interested is known as

A company in which the public are not substantially interested is closed

A company carry forward the eligible tax credit under MAT for a maximum of

80 ID deals with tax holiday for

.........deals with PAN

..........refers to hedging of tax?

.............is exempted from income tax.

..............is the implementation of the plan of tax

..............is a casual income