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Taxation MCQs

V

Vinay • 19K Points
Tutor I

Q 21. Benefits Given in kind are

(A) Allowance
(B) Perquisites
(C) both a and b
(D) none of the above
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V

Vikash Gupta • 24.35K Points
Instructor III

Q 22. The Company may have the residential status as

(A) Resident and non resident
(B) non ordinary resident
(C) ordinary Resident
(D) none of the above
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G

Gopal Sharma • 28.64K Points
Instructor II

Q 23. The HUF is said to be resident in India if                    

(A) The control and management of its affairs is wholly or partly situated in India
(B) The control and management of its affairs is partially situated out of India
(C) The control and management of its affairs is wholly or partly in out of India
(D) None of the above
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R

Rakesh Kumar • 19.20K Points
Tutor I

Q 24. which of the following are the persons under sec2(A)

(A) Individual
(B) firm
(C) body of person
(D) All of the above
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V

Vijay Sangwan • 19.12K Points
Tutor I

Q 25. R Ltd. Is an Indian company whose place of effective management is outside India. R Ltd., shall be:

(A) resident in India
(B) non-resident in India
(C) not ordinarily resident in India
(D) resident and ordinarily resident only
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P

Priyanka Tomar • 25.98K Points
Instructor II

Q 26. Incomes which accrue or arise outside India but received directly in India are taxable in case of

(A) resident and ordinarily resident only
(B) resident but not ordinarily resident
(C) non-resident
(D) All of the above
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V

Vikash Gupta • 24.35K Points
Instructor III

Q 27. What is the section of Incidence of law

(A) 6
(B) 5
(C) 7
(D) 4
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R

Ranjeet • 25.13K Points
Instructor II

Q 28. ____________________________ is chargeable u/s 45

(A) capital gains
(B) profit and gains
(C) dividend
(D) voluntary contribution
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P

Priyanka Tomar • 25.98K Points
Instructor II

Q 29. A firm is regarded as a unit of assessment as per ______________________________

(A) income tax act
(B) partnership act
(C) companies act
(D) finance act
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R

Rakesh Kumar • 19.20K Points
Tutor I

Q 30. Shivaji University is assessable under the income tax act as

(A) a individual
(B) an artificial juridical person
(C) a local authority
(D) none of these
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