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Income-tax and Corporate Tax Planning - Income Tax and Corporate Tax Planning Section 1

Avatto > > UGC NET COMMERCE > > PRACTICE QUESTIONS > > Income-tax and Corporate Tax Planning > > Income Tax and Corporate Tax Planning Section 1

61. The term income includes the following types of incomes.

A
Illegal
B
Legal income from India only
C
Legal
D
Legal and illegal both

Answer
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Option : D
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62. _________________is the casual income.

A
Interest received
B
Dividend income
C
Pension received
D
Winning from lotteries

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Option : D
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63. The way of tax liability by taking full advantage provided by the Act is_______________________.

A
Tax management
B
Tax avoidance
C
Tax planning
D
Tax evasion

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Option : C
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64. Mr. A, a partner of M/s ABC, is assessable as_____________.

A
Firm
B
An individual
C
Body of individual
D
HUF

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Option : C
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65. The income is chargeable under the head of the salary under____________________ of Income Tax Act, 1961.

A
Section 15
B
Section 20
C
Section 14
D
Section 16

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Option : A
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Income Tax and Corporate Tax Planning Section 1

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