Home / MCQ Bank / Commerce
Commerce Income Tax And Corporate Tax Difficulty: Medium

Which of the following sections of Income Tax Act is related to residential status?

Select the correct option to test your answer:

More Commerce Questions

An expected dividend yield is 5.5% and expected rate of return is 11.5% then constant growth rate would be The scientific management is based upon which of the following assumption? 1. Application of the scientific methods to organisational problems leads to efficiency. 2. The good worker is one who accepts orders, but does not initiate actions. 3. Worker is more important than the work. 4. Each worker is interested in maximising his monetary rewards. Select the correct answer: Preparation of trial balance helps in the deduction of . . . . . . . . A and B are partners sharing profits and losses in the ratio 3 : 1. They decided to admit C. C will be given $${\frac{1}{4}^{{\text{th}}}}$$ share in future profits of the firm which he takes from A and B in ratio 2 : 1. New profit sharing ratio will be: Depreciable amount + Residual value of a fixed asset = ?