The payment is authorized by, and is in accordance with the term of partnership deed according to sec………….

Related MCQs

• The trust should be one established in accordance with law and its objects should fall within the definition of the term ………….
• . A person entered into partnership is known as …………
• The Payment of Gratuity Act came into force in…………...
• Payment of Rs. ` 45,000 made in cash towards purchases of medicines. The amount of disallowance under section 40A(3) is -
• The term income includes the following types of incomes.
• A short term capital asset means a capital asset held by the assessee for not more than:
• In terms of section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of more than –
• A Long term capital asset means a capital asset held by the assessee for more than:
• The net annual value of house let out is ` 1,00,000 and actual amount spent by the assessee on repairs and insurance premium is ` 20,000. The amount of deduction allowed under Section 24(a) shall be .
• The period of 12 months commencing on the first day of April every year and ending on 31st March is called as .