A person is deemed to have substantial interest in a company if he is

Related MCQs

• For the purpose of sec.64, an individual have substantial interest in a company if he holds 20% of voting right alongwith his relative. Here, relative do not include:
• Which of the following deductions is /are not allowed in case of a deemed to be let-out house?
• Which of the following is not a case of deemed ownership of house property?
• Where a partner of a firm transfers any capital asset to the firm by way of capital contribution, for the purpose of computing capital gain in the hands of the partner, the amount of deemed consideration is
• When a resident senior citizen having gross total income of Rs. 5,56,000, has derived interest from savings account in a nationalized bank of Rs. 8,200 and fixed deposit interest of Rs. 47,000 from such bank, he is eligible for deduction of Rs. ________ from the gross total income.
• 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 provisions relating to interest on delay in payment of refund are given in section
• TDS U/s 193 in respect of interest on securities if payee does not furnish PAN is:
• The time limit for acquisition or construction of self-occupied house property for claiming deduction of interest is:
• Interest rate on refund as per section 244A (1A)