Taxes in India mcq questions and answers for competitive exams

Which of the following is not a direct tax?

A firm business income is nil /negative. It shall still be allowed as deduction on account of remuneration to working partner to the maximum extent of:

The last date of filing the return of income u/s 139(1) for assessment year 2009-10 in case of a non corporate business assessee whose accounts are not liable to be audited shall be:

New assets acquired for claiming exemption u/s 54, 54B or 54D,if transferred within 3 years, will result in:

By special order, CBDT declared a foreign association to be a company for the purpose of income tax. Under Income Tax Act, 1961, such association shall be considered as

R, a chartered accountant is employed with R Ltd., as an internal auditor and requests the employer to call the remuneration as internal audit fee. R shall be chargeable to tax for such fee under the

As per Sec.139(1), a company shall have to file return of income:

Indirect taxes includes -

The term assessee is defined under Section

If good will of a profession which is self generated is transferred, there will:

Service tax is levied in India by following the:

Charge of service tax is in relation to service provided or to be provided

Remuneration paid to working partner shall be allowed as deduction to a firm:

In the above case the income to be presumed under section 44AF shall be :

The tax levied on the interstate trade of goods is