Income-tax and Corporate Tax Planning - Income Tax and Corporate Tax Planning Section 2

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11. The assessment period for income tax on salary is ________________.

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12. Total income is to be rounded off to nearest multiple of____________ and tax is to be rounded off to nearest multiple of______________

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13. Income accrued outside India and received outside India is taxable in case of_________.

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14. Gross Total Income is arrived after____________.

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15. Salary of S (` 40,000 per month) becomes due on the last day of the month but is paid on the 7th of next month. Also, the salary of April 2017 and May 2017 is received in advance in March 2017. What will be his gross income for Assessment Year 2017-18?

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