Classical

Advanced Questions - Section 1

31:  

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 :


32:  

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 :


33:  

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 :


34:  

Income which accrue outside India from a business controlled from India is taxable in case of

A.

Resident only

B.

Not ordinarily resident only

C.

Both ordinarily resident and NOR

D.

Non-resident

 
 

Option: C

Explanation :


35:  

Perquisite received by the assessee during the course of carrying on his business or profession is taxable under the head.

A.

Salary

B.

Other sources

C.

PGBP

D.

None of the above

 
 

Option: C

Explanation :




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