McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration in Finance (BBA Finance) , Staff Selection Commission (SSC) .
| 201. |
A partnership firm will be assessed as firm if there is ......................... |
| A. | an agreement |
| B. | a written agreement |
| C. | an oral agreement |
| D. | none of the above. |
| Answer» B. a written agreement | |
| 202. |
Partnership firms are governed by the provisions of the Indian Partnership Act of ................... |
| A. | 1956 |
| B. | 1932 |
| C. | 1946 |
| D. | 1881 |
| Answer» B. 1932 | |
| 203. |
A firm shall pay tax on long term capital gain @ ................................. |
| A. | 15% |
| B. | 20% |
| C. | 25% |
| D. | 30% |
| Answer» B. 20% | |
| 204. |
Section 89 of the Income tax Act deals with ............................. |
| A. | perquisites |
| B. | arrears of salary income |
| C. | allowances |
| D. | profit in lieu of salary |
| Answer» B. arrears of salary income | |
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