Question 1

Which of the following statement(s) about Public Trust is/are correct?

Options :

A : Only (i)

B : Only (ii)

C : Both (i) and (ii)

D : Neither (i) nor (ii)

Answer: B

Question 2

Deduction u/s 80-IC regarding special provisions for enterprices in special catogries states is allowed to the extent of

Options :

A : 100% of profits and gains for ten assessment years

B : 100% of profits and gains for ten assessment years in case of any undertaking or enterprise in the States of Sikkim or North Eastern Region and 50% in case of undertaking in Uttaranchal and Himachal Pradesh

C : 100% of profits and gains for ten assessment years in case of any undertaking or enterprise in the States of Sikkim or North Eastern States and 100% of profits and gains for the first 5 assessment years and 25% (30% in case of companies) for next 5 assessment years.

D : None of the these

Answer: C

Question 3

Madras Marumakkattayam Act was enacted in __________.

Options :

A : 1912

B : 1922

C : 1925

D : 1932

Answer: D

Question 4

A father and his _________________ can also form an HUF.

Options :

A : Married Daughters

B : Unmarried Daughters

C : Married Sons

D : Unmarried Sons

Answer: B

Question 5

In Singapore, the deadline for filing personal tax return is _________.

Options :

A : 31-Mar

B : 15-Apr

C : 31-Dec

D : 15-Sep

Answer: B

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