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 -

Related MCQs

• Income received or deemed to be received in India (whether accrued in or outside India) is taxable in case of
• Income received or deemed to be received in India (whether accrued in or outside India) is taxable in case of
• The salary, remuneration or compensation received by the partners is taxable under the head _______________.
• The salary, remuneration or compensation received by the partners is taxable under the head _______________.
• franchise fee received by an assessee in tourism business, against special rights given to franchisees to undertake hotel business in assessee’s property is taxable under the head _____
• 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 _________
• 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?
• Mr. Ram owns a house property. He lent it to Laxman at`10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of`20,000 p.m. Rental income of Ram is taxable under the head______________.
• Rental income from the business of leasing out properties would be taxable under the head_______