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FAQs on INCOME TAX
3 Fastest replies with most correct answers will receive mementos.
Read the following questions and send the answers at voiceofca@gmail.com at the earliest.
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S.No.
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Questions
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1
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A person with the age of ....... or more is considered as a very senior citizen as per the Income Tax Act.
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2
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Rebate of Income tax is defined as per section.......
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3
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Section 2(9) of Income tax deals with......
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4
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As per section 2(31), the following is not included in the definition of 'person'......
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5
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Business can be defined as per section......
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6
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If the assesses let out the building or staff quarters to the employee of business, the rent collected from such employees is assessable as.......
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7
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Education allowance is exempted for how many persons?
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8
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The entertainment allowance is applicable to......
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9
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Income Tax Act contains how many schedules......
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10
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The death-cum-retirement gratuity received by the Government Employee or employee of local authority is......
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Useful Updates on INCOME TAX:
[Contribution by : CA. Jignesh Kumar Parikh]
Direct Tax Insights - Important Judgements and Updates
(Please click for detail)
Useful Updates on GST:
[Contribution by : CA. Bimal Jain]
i) No addition of amount shown in Form 26 AS for Taxation, if assessee is not the actual beneficiary of such amount
(Please click for detail)
ii) Service tax recovered in excess of amount ,approved by resolution plan, is to be refunded by GST Department
(Please click for detail)
[Contribution by : CA. Jay Bohra]
GST & Corporate Tax Tabloid
(Please click for detail)
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