Income Tax And Corporate Tax MCQ

Test your knowledge with important Income Tax And Corporate Tax MCQ and their applications. These MCQs are beneficial for competitive exams too. Explore 30+ more Income Tax And Corporate Tax MCQs on Bissoy. Bissoy App

• Amount unutilised in capital gain account scheme for which exemption claimed u/s 54 shall be treated as long-term capital gain, if
  ক

  2 years have expired from the date of transfer

  খ

  2 years have expired from the date of deposit

  গ

  3 years have expired from the date of transfer

  ঘ

  3 years have expired from the date of deposit
• Which one of the following is agricultural income under the Income Tax Act, 1961 ?
  ক

  Interest on arrears of rent in respect of agricultural land

  খ

  Interest received by a money-lender in the form of agricultural produce

  গ

  Income from sale of trees of forest which are of spontaneous growth and in relation to which forestry operations alone are performed

  ঘ

  Interest on capital received by a partner from the firm engaged in agricultural operations