A Best Way To Crack Gorenment Job Exams

Income Tax and Corporate Tax MCQs

Commerce Objective Questions



197. The technique of keeping the tax liability at the minimum level without violating tax laws and without defeating the main intention of law is called
Discussion

198. Form issued for TDS on salary is
Discussion

199. Which two of the following are correct in terms of rate of tax deduction at source (TDS)?
(1) Income by way of winning from the horse race @ 30%
(2) Insurance Commission @ 10%
(3) Rent of Plant & Machinery @ 5%
(4) Rent of furniture @ 5%
Choose the correct option from the following:
Discussion

200. Consider the following statements.
1. E-filing of return can filed without digital signature as well.
2. PAN can be used to pay the TDS deducted into government account.
3. In 1972, system of Permanent Account Number was introduced.
Which of the statement(s) given above is/are correct?
Discussion

201. Exemption, under Sec. 54 F of the Income Tax Act, 1961, shall not be allowed if the assessee, on the date of transfer owns:
Discussion

202. Tax is computed on agricultural income, when
Discussion

203. Non-availability of depreciation to the lessee will . . . . . . . . his tax liability.
Discussion

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