WorksheetsTax planning & Management
Total questions: 13
Worksheet time: 13mins
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 (a)
U/s 44AB the audit of accounts is compulsory if total sales exceed:
50 lakhs
70 lakhs
80 lakhs
one crore
Which of the following deduction is not applicable on company
80 IB
80 GGB
80 P
80 G
The goal of tax planning generally is to
Minimize taxes
Maximize after-tax wealth
Support the federal government
Minimize IRS scrutiny
Sec 80C applies on
Company
Firm
Individual and HUF
Co-operative society
