481. Which of the following is not included in salary income. October 4, 2025 by Admin A. commuted pension B. un commuted pension C. family pension D. leave salary ✅ The correct answer is option C.
482. Salary paid by an Indian company to its employees working in one of its branches outside India is………………………….. October 4, 2025 by Admin A. salary accruing in india. B. salary deemed to accrue in india. C. salary accruing outside india. D. none of these. ✅ The correct answer is option A.
483. Residential status of taxable entities is…………………….. October 4, 2025 by Admin A. fixed in nature. B. can change from year to year. C. fixed once in 5 years. D. none of these. ✅ The correct answer is option B.
484. The existing Maximum Marginal Rate of tax of an individual assessee is……………………. October 4, 2025 by Admin A. 10% B. 20% C. 30% D. 35% ✅ The correct answer is option C.
485. An Indian company’s residential status is that it is always………………… October 4, 2025 by Admin A. resident. B. non resident. C. ordinarily resident. D. none of these. ✅ The correct answer is option A.
486. The income tax rate on long term capital gains for an individual is …………………………… October 4, 2025 by Admin A. 10% B. 15% C. 20% D. 25% ✅ The correct answer is option C.
487. Tax Holiday is. October 4, 2025 by Admin A. income tax on holiday income. B. cancellation of tax for the entire country. C. tax exemption for a specified peri D. ✅ The correct answer is option C.
488. In case of residential status of HUF ,firm and AOP if control and management are wholly outside India they are deemed as……………… October 4, 2025 by Admin A. resident. B. ordinarily resident. C. non resident D. none of these. ✅ The correct answer is option C.
489. Residential status of an assessee is ascertained as per the provisions of…………………… October 4, 2025 by Admin A. sec. 6. B. s C. 7. c. sec. 9. D. sec. 11. ✅ The correct answer is option A.
490. Income of political parties is not to be included in total income if certain conditions are satisfied. The relevant section of IT Act 1961 is. October 4, 2025 by Admin A. section 13a . B. s C. 1 D. ✅ The correct answer is option A.