Which of the following taxes are allowed as deduction while computing the business income?

Related MCQs

• Under the Income-tax Act, 1961, which of the following outlays incurred by Sun Ltd. during the previous year ended 31st March, 2019 will not be admissible as deduction while computing its business income
• As per section 30, which expenditure incurred for a building used for the business or profession shall not be allowed as deduction?
• An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of the taxable commodities transactions. Income arising of Rs 3,00,000 from such taxable commodities transactions was included in the income computed under the head "Profits and gains of business or profession”. Such expenditure of payment of Commodities transaction tax shall be considered as
• Preliminary expenses incurred are allowed deduction in:
• Which of the following donations is eligible for 100 % deduction?
• How many heads of income are there to compute gross total income?
• Deduction of tax at source made for incomes which can be calculated in advance is called ……………..?
• Which is the charging section of income under the head profits and gains of business or profession?
• Alternate Minimum Tax shall not be applicable to a non-corporate assessee who has claimed any deduction under:
• Tax deduction available to certain industries for the initial few years is called-----