Contribution was made by PFI towards Credit Guarantee Fund Trust. Such expenditure shall be considered as:

Related MCQs

• An assessee incurred expense of tax on non monetary perquisites of employees. Such expenditure shall be considered as:
• An assessee incurred a sum of Rs.1,10,000 for alteration of the memorandum and articles of association. Such expenditure shall be considered as:
• Mr. DS during the previous year 2018-19 made a payment outside India to a nonresident on which TDS was not paid upto time allowed under section 200. However, such TDS was deducted and paid on 30th September 2019. When shall deduction of this expenditure be allowed to assessee?
• Payment of Rs. ` 45,000 made in cash towards purchases of medicines. The amount of disallowance under section 40A(3) is -
• In case the Key man insurance policy is taken in name of any other person any sum received on its maturity by such person shall be taxable under the head -
• In the case of a company in which not less than _______% of the subscribed share capital is held whether singly or in combination by certain special institutions and bodies, the appointment or re-appointment of auditors shall be made at each annual general meeting by a special resolution.
• For an employee in receipt of hostel expenditure allowance for his three children, the maximum annual allowance exempt under section 10(14) is
• Provident Fund Act was passed in the year ___________.
• Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of……………………..
• Sec.139 (7) provides that in the case of a Government Company or any other company owned or controlled by the Central Government, or by any State Government, the first auditor shall be appointed by _________