Income Tax Set 9
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This set of Income Tax Multiple Choice Questions & Answers (MCQs) focuses on Income Tax Set 9
Q1 | A partnership firm will be assessed as firm if there is .........................
- an agreement
- a written agreement
- an oral agreement
- none of the above.
Q2 | Partnership firms are governed by the provisions of the Indian Partnership Act of ...................
- 1956
- 1932
- 1946
- 1881
Q3 | A firm shall pay tax on long term capital gain @ .................................
- 15%
- 20%
- 25%
- 30%
Q4 | Section 89 of the Income tax Act deals with .............................
- perquisites
- arrears of salary income
- allowances
- profit in lieu of salary