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CS executive objectives answers

Others 987 views 7 replies

Plz help me in the objectives.....

1.A company is said to be a resident in india in previous year if,

a.it is a indian company

b.the control and management is wholly situated in india

c.either it is a indian company or the control and management is wholly situated in india.

d.it is both an indian company and the control and management is wholly situated in india.

2.The maximum amount of gratuity exempt under 10(10).

a.8,50,000

b.6,00,000

c.3,50,000

d.10,00,000

Replies (7)

Hi, nice sharing,

answer is,

1) it is both an indian company and the control and management is wholly situated in india.

2) in last year there was amendment on gratuity earlier it was maximum 350000 but now it is maximum 10,00,000...

-

NEVER TO WORRY, BE HAPPY..

Originally posted by : Siddharth Bumb

Hi, nice sharing,

answer is,

1) it is both an indian company and the control and management is wholly situated in india.

2) in last year there was amendment on gratuity earlier it was maximum 350000 but now it is maximum 10,00,000...

-

NEVER TO WORRY, BE HAPPY..

 Thank you so much sirji.

i required more objectives as well as some service tax questions also.

1.In determining annual value the following factors should be taken into consideration, except

a.actual rent received

b.fair rent of the property

c.deposit recived from tenants

d.standrard rent.

 

2.which of the following is not an asset under section 2(ea)of the wealth tax act,1957 

a.motor car

b.boats & aircraft

c.guest house

d.cash at bank

answers :

1) deposit recived from tenants

2) cash at bank

-

THANK YOU.

answers :

1) deposit recived from tenants

2) cash at bank

-

THANK YOU.

Thank you so much.....

Short notes on:

1.Income of Political parties under section 13 A.

 

2.What are the essentials conditions for claiming exemptions under section 11 in the case of a charitable trust?


Can u plz help me on the above........


CCI Pro

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