Tax planning & Management

What is your name

Write your mobile number

Name of Your Class and Roll no.

Income Tax is.........

• a direct tax

• an indirect tax

• a business tax

• none of the above

Under Income tax Act "Person" means

• Hindu Undivided Family

• Company

• Local Authority

• All of the Above

Income Tax computed on.....

• Capital

• Income

• fixed Assets

• Business Gain

On the basis of residence, the company assesses are divided into how many categories?

• Two

• Three

• Four

• Five

Income from Business in UK is taxable in case of non resident in India

• True

• False

Tax paid on house to Municipality is called as.........

U/s 44AB the audit of accounts is compulsory if total sales exceed:

• 50 lakhs

• 70 lakhs

• 80 lakhs

• one crore