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    List of Attempted Questions and Answers: MBA-III Semester Taxation Management MF0003

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    Ajith Johny
    This document contains a list of multiple choice and fill-in-the-blank questions and answers related to Taxation Management. It includes questions about what constitutes a defective tax return, the tax applicable to manufacturing goods, the year income is subjected to tax, the maximum rebate available under section 88C, the form used for one-sixth income tax scheme, and the rebate amount available to an individual with a gross income of Rs. 1,45,000 who invests Rs. 80,000 in PPF and Rs. 20,000 in infrastructure bonds. The document directs readers to other websites for more solved assignments and project help on taxation management topics.

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    List of Attempted Questions and Answers: MBA-III Semester Taxation Management MF0003

    Uploaded by

    Ajith Johny
    122 views3 pages
    This document contains a list of multiple choice and fill-in-the-blank questions and answers related to Taxation Management. It includes questions about what constitutes a defective tax return, the tax applicable to manufacturing goods, the year income is subjected to tax, the maximum rebate available under section 88C, the form used for one-sixth income tax scheme, and the rebate amount available to an individual with a gross income of Rs. 1,45,000 who invests Rs. 80,000 in PPF and Rs. 20,000 in infrastructure bonds. The document directs readers to other websites for more solved assignments and project help on taxation management topics.

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    This document contains a list of multiple choice and fill-in-the-blank questions and answers related to Taxation Management. It includes questions about what constitutes a defective tax return, the tax applicable to manufacturing goods, the year income is subjected to tax, the maximum rebate available under section 88C, the form used for one-sixth income tax scheme, and the rebate amount available to an individual with a gross income of Rs. 1,45,000 who invests Rs. 80,000 in PPF and Rs. 20,000 in infrastructure bonds. The document directs readers to other websites for more solved assignments and project help on taxation management topics.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    122 views3 pages

    List of Attempted Questions and Answers: MBA-III Semester Taxation Management MF0003

    Uploaded by

    Ajith Johny
    This document contains a list of multiple choice and fill-in-the-blank questions and answers related to Taxation Management. It includes questions about what constitutes a defective tax return, the tax applicable to manufacturing goods, the year income is subjected to tax, the maximum rebate available under section 88C, the form used for one-sixth income tax scheme, and the rebate amount available to an individual with a gross income of Rs. 1,45,000 who invests Rs. 80,000 in PPF and Rs. 20,000 in infrastructure bonds. The document directs readers to other websites for more solved assignments and project help on taxation management topics.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    in
    MBA- III Semester
    Taxation Management
    MF0003

    LIST OF ATTEMPTED QUESTIONS AND ANSWERS

    For more solved assignments, Assignment and project help – visit – www.oqp.in or
    www.onlinequestionpapers.com
    1
    www.oqp.in
    MBA- III Semester
    Taxation Management
    MF0003

    Multiple Choice Multiple Answer


    Question A return is considered to be defective returns under section
    139(9) unless :-
    Correct Answer The return is accompanied by copies of required financial
    statements of the assessee , The computation of income
    under each head, Gross Total Income are properly filed in ,
    The return is accompanied by the tax audit report under
    section 44AB
    Your Answer The return is accompanied by copies of required financial
    statements of the assessee , The return is filed on 31st
    August of the assessment year , The computation of income
    under each head, Gross Total Income are properly filed in ,
    The return is accompanied by the tax audit report under
    section 44AB

    Select The Blank


    Question ________ is the tax payable on the manufacturing of goods.

    Correct Answer Excise duty

    Your Answer Excise duty

    Multiple Choice Single Answer


    Question Income earned in previous year is subjected to tax in :-

    Correct Answer Assessment year

    Your Answer Assessment year

    Select The Blank


    Question The amount of rebate/s 88C is 100% of the income tax
    liability before claiming the rebate under section 88 and relief
    under section 89( 1) pr Rs.________ whichever is less.
    Correct Answer 5000

    Your Answer 20000

    Multiple Choice Single Answer


    Question For filing the returns of income, Form No. 2C is to be filled in
    by :-
    Correct Answer Persons falling under One by Six Scheme

    Your Answer Persons falling under One by Six Scheme

    Multiple Choice Single Answer


    Question Mr. A whose Gross Total Income, before allowing deductions
    under Chapter VI-A is Rs. 1,45,000, wants to make the
    investments in the following alternative forms Rs. 80,000 in
    PPF and Rs. 20,000 in Infrastructure Bonds. The amount of
    rebate available to him u/s 88 is :-
    Correct Answer Rs. 18,000

    For more solved assignments, Assignment and project help – visit – www.oqp.in or
    www.onlinequestionpapers.com
    2
    www.oqp.in
    MBA- III Semester
    Taxation Management
    MF0003

    For more solved assignments, Assignment and project help – visit – www.oqp.in or
    www.onlinequestionpapers.com
    3

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