Income which accrue or arise outside India and also received outside India taxable in case of
A. | resident only |
B. | not ordinarily resident |
C. | both ordinarily resident and NOR |
D. | none of the above |
Option: A Explanation : Click on Discuss to view users comments. |
A firm business income is nil/negative. It shall still be allowed as deduction on account of remuneration to working partner to the maximum extent of
A. | Actual remuneration paid as specified in partnership deed |
B. | Rs. 50,000 |
C. | Nil |
D. | None of the above |
Option: B Explanation : Click on Discuss to view users comments. |
For claiming Deduction u/s 80C, the payment or deposit should be made
A. | Out of any income |
B. | Out of any income chargeable to income tax |
C. | During the current year out of any source |
D. | None of the above |
Option: B Explanation : Click on Discuss to view users comments. |