The provision of sec.56(2)(x) is applicable on

Related MCQs

• Income of minor is clubbed however the clubbing provision is not applicable if
• Rate of surcharge applicable to a foreign company having total income of Rs. 8 crore is :
• While computing TDS on salary paid to employees, the losses given below to the applicable extent would be considered by the employer:
• In the case of a domestic company (turnover/gross receipts Rs. 70 crores), the basic rate of income-tax applicable for computing as per normal provisions would be ________, when the turnover of the company has been Rs. 45 crores in the previous year relevant to the assessment year 2017-18. (Note: Ignore surcharge, education cess, etc.)
• The maximum marginal rate of tax applicable for individual taxpayer having total income of Rs. 1.5 crore (including surcharge and health & education cess) is ________.