Excise duty and sales tax are allowed as deduction if paid before......................

Related MCQs

• Deduction from gross Total income is allowed under Sec. 80C up to lower of the Qualifying amount or a maximum of.
• Preliminary expenses shall be allowed as deduction in...............
• Deduction of tax at source made for incomes which can be calculated in advance is called.......
• Tax deduction available to certain industries for the initial few years is called ........................
• Interest on Bank Term Deposits is subject to tax deduction at source if the interest amount during the relevant previous year exceeds................
• Interest on capital paid by the firm to its partners is allowed up to ...................
• Under Income Tax Act depreciation is allowed on ..................
• If STT is paid, then STCG tax on the transfer of capital asset is ..............................
• If S T T is paid, then LTCG tax on the transfer of listed equity shares is ....................
• The income tax payable by an individual is Rs:8,562.55. The rounded off tax payable will be .........................