321.
Tax deduction available to certain industries for the initial few years is called
A
Tax Holiday
B
Tax
C
TDS
D
Advance
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Tax deduction available to certain industries for the initial few years is called
Tax Holiday
Tax
TDS
Advance
Tax avoidance is
Illegal
Immoral
Lawful
All of these
Substantial interest in the company means not less than.........of voting power
50%
20%
30%
40%
Subletting is assessable under the head
Income from HP
Income from Other Source
Income from Capital Gain
None of the above
Section 80 JJAA deals with
Deduction in respect of produced companies
Production in respect of certain incomes
Deduction in respect of employment of new employee
Deduction in respect of profits and gains from undertakings an enterprise in special category states
Section 2(9) of Income tax deals with
Person
Assessee
Previous Year
Assessment Year
Section 2 (234) relates to
Indian company
Domestic company
Foreign company
Widely held company
Section 115JB relates to
Tonnage Tax
Corporate Dividend Tax
MAT
GST
Section 115JB relates to
Securities Transaction Tax
Maximum Alternative Tax
Minimum Alternative Tax
Surcharge
salary of Member of Parliament is taxable under the head
Salary
Income from Other Sources
Income from Business
All of the above
Return of income must be furnished on or beforethe due date as per a part of
Tax evasion
Tax planning
Tax avoidance
Tax management
Return filed after the due date is called
Revised return
Best return
Belated return
Defective return
Reducing tax liability, utilizing the deductions, exemptions or reliefs allowed in the Act and Rules is called
Tax evasion
Tax planning
Tax avoidance
Tax management
Profits earned from an illegal business are
Taxable.
Tax free.
Ignored by Tax Authorities.
treated as other income.
Previous year means the financial year immediately preceding the
Accounting Year
Assessment Year
All of the above d.None of the above
Preliminary expenses incurred are allowed deduction in:
10 equal annual instalments
5 equal annual instalments
full
None of these
Pension is................under the salary head.
Fully taxable
Partially taxable
Not taxable
None of the above
PAN stands for
Private bank Number
Permanent Account Number
Personal Account Number
Passive Account Number
Minors income is clubbed to
Fathers income
Mothers income
Fathers income or mothers income whichever is grater
Both mothers and fathers income
MAT Provisions are applicable to
Non domestic companies
Indian companies
Private companies
Every Company