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How to Get Admission Essay

  • Submitted by: kala1988
  • on August 31, 2013
  • Category: College Admissions
  • Length: 7,942 words

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Below is an essay on "How to Get Admission" from Anti Essays, your source for research papers, essays, and term paper examples.

Applied Direct Taxation
Objective Questions and Answers

1. Multiple Choice Questions
(A) The following is capital receipt:
Dividend from investment;
Bonus shares;
Sale of technological know- how;
Compensation received for compulsory evacuation of place of business.
Ans. (d) Compensation received for compulsory evacuation of place of business.
(B) Following is not a capital receipt:
Dividend on investment;
Bonus shares;
Sale of know-how;
Compensation received for vacating business place.
Ans. (a) Dividend on investment
(C) An individual is said to be resident in India in a previous year (in which the February month has 29 days) if he is in India in that year for a period or periods amounting in all to 182 days or more, [(a) 182, (b) 183, (c) 60, (d) 150]
Ans. 182 days
(D) The assessee is charged to income-tax in the assessment year following the previous year:
a) A non-resident business firm which shipped goods on 1.5.210 at Visakhapatnam Port in Andhra Pradesh
b) An employee left India to USA on 1.8.2010 with no intention of returning
c) ABC firm which discontinued its business on 1.9.2010
(d)An employee-assessee of a University who worked during 1.4.09 to 30.03.2010
Ans. (d) An employee-assessee of a University who worked during 1.4.09 to 30.03.2010.
(E) Income received in India in previous year is taxable in the hands of:
Resident;
Not-resident;
Non ordinarily resident;
All above.
Ans. (d) All above.
(F) Expenditure incurred by an employer on medical treatment and stay abroad of the employee shall not be taxed in the case of ___________.
an employee whose gross total income before including the said expenditure does not exceed Rs. 2 lakhs.
b) an employee whose income under the head "Salaries" exclusive of all monetary perquisites does not exceed Rs. 2 lakhs,
an employee whose income under the head "Salaries" exclusive of all non-monetary perquisites does not exceed Rs. 2 lakhs,
all employees irrespective of their amount of gross...

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How to Get Admission. Anti Essays. Retrieved December 10, 2018, from the World Wide Web: http://parimatchstavki7.com/free-essays/How-To-Get-Admission-507419.html