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.)

Related MCQs

• 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 ________.
• When assessment has not been completed, revised return can be filed within ______ from the end of the relevant previous year.
• Rate of surcharge applicable to a foreign company having total income of Rs. 8 crore is :
• Where assessment has not been completed, belated income tax return for assessment year 2018-19 can be filed upto
• An individual, being foreign national, came to India first time during the previous year 2017-18 on 01-01-2018 for 200 days, his residential status for the previous year 2017-18 is.
• Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)
• When an individual non-resident has total income exceeding Rs. 50 lakhs, the amount of surcharge payable on income-tax would be _____________.
• When Mr. Avinash earned long-term capital gain of Rs. 1,80,000 on sale of listed shares, his total income being Rs. 10 lakhs, the amount of income-tax (including cess) on the said long-term capital gain would be _________ .
• While computing TDS on salary paid to employees, the losses given below to the applicable extent would be considered by the employer:
• When the gross receipts from profession exceed Rs. ________ lakhs, it is liable for audit under section 44AB and the provisions of section 44ADA will not apply.