Bissoy.com
Doctors Medicines MCQs Q&A

  1. (A), (C), (D), (F) only
  2. (C), (D), (E), (F) only
  3. (B), (D), (E), (F) only
  4. (A), (B), (C), (D), (E) and (F)
4 views

1 Answers

Option 4 : (A), (B), (C), (D), (E) and (F)

The correct answer is (A), (B), (C), (D), (E) and (F)

 The term person is defined under section 2(31) of the Income Tax Act. There are seven categories covered under the term “Person”. This means -

  • An Individual (Salaried Person, Person who is a sole proprietor, Teacher etc.)
  • HUF (Hindu Undivided Family)
  • A Company 
  • A Firm
  • An Association of persons(AOP) / Body of Individuals(BOI), even without registration
  • A Local Authority (Jaipur Development Authority)
  • Every Artificial Judicial Person, not covered above

Hence, option 4 is correct

Mistake Points

  • Section 17(1) as mentioned in the question is incorrect  as this section explains salary and its components
  • The term person is defined under section 2(31) of the Income Tax Act
4 views

Related Questions

Match List I with List II: List I (Method) List II (Purchase consideration) (A) Lump-sum payment method (I) Calculated by adding up the total amount (money value) of existing shares, preference shares and cash received from the purchasing company for the shareholders of the vendor company. (B) Net Assets Method (II) On the basis of ratio in which the shares of the transferee company are to be exchanged for the shares of the transferor company. (C) Net Payment Method (III) The amount to be paid by the transferee company to transferor company for amalgamation of its business. (D) Swap Ratio Method (IV) Arrived at by adding the agreed value of assets taken over and deducting there from the agreed values of liabilities. Choose the correct answer from the options given below:?
1 Answers 7 Views
Which of the following distinction(s) is/are not correct between public issue and rights issue (A) In public issue, applications for shares are invited from the general public and in rights issue, the shares are offered to existing shareholders. (B) In public issue there is no question of any over-subscription and in rights issue the shares may be under subscribed or over subscribed leading to prorata allotment. (C) The price of public issue is generally less than the market price and in rights issue, the price is deliberately made less than the market price. (D) In a public issue, the communication of the issue is through prospectus or advertisements and in a rights issue the communication is between the company and the existing members of the company. Choose the most appropriate answer from the options given below:?
1 Answers 6 Views