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 |
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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 |
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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 |
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Option: B Explanation : Click on Discuss to view users comments. |
