McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 201. |
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 - |
| A. | Salaries |
| B. | Profits & Gains of Business or Profession |
| C. | Capital Gains |
| D. | Income from Other Sources |
| Answer» D. Income from Other Sources | |
| 202. |
All companies other than those covered u/s 25 are required to file return of Income in: |
| A. | Form ITR6 |
| B. | Form ITR5 |
| C. | Form ITR4 |
| D. | Form ITR7 |
| Answer» A. Form ITR6 | |
| 203. |
The notice under section 143(2) must be served within: |
| A. | 12 months from the date of filing of return |
| B. | 12 months from the due date of filing the return U/S 139(1) or from the date of filing of return of income |
| C. | 6 months from the end of the financial year in which the return was furnished |
| D. | 6 months from the end of month in which the return was furnished |
| Answer» C. 6 months from the end of the financial year in which the return was furnished | |
| 204. |
The Commissioner of Income-tax (Appeals) is the ________ appellate authority |
| A. | First |
| B. | Second |
| C. | Third |
| D. | Forth |
| Answer» A. First | |
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