Hi,
Can anyone tell me the answers for the following questions.
1.Every Domestic Company having total income exceeding Rs.----------------- then the income tax shall be increased by the surcharge at the rate 7.5% on such Income Tax.
2.The rate of Dividend Distribution Tax for financial year 2010-11 is--------------------
3.An individual can get deduction from gross total income under section 80C towards---------------
4.Any person other than an individual or a HUF is responsible for paying to resident in India,any income by way of rent amounting in aggregate to more than rupees--------------------in afinancial year.
5.No notice under section 143(2) shall be served on the assessee after the expiry of------------ from the end of financial year in which return is furnished.
6.For belated filing of income tax return, the assessee is liable to pay interest @ ----------------- for every month
7.The balance of income after deductions admissible under section 80C to 80U is called-----------
8.The asessee should deposit the service tax liable to be paid by him into any bank authorized by CBEC through a--------
challan.
ONE MORE DOUBT;
1.Donation of sum of Rs.20,000 to Muncipal Corporation of Delhi for family planning
2.Paid Rs.8000 by credit card to New Indian Assurance Company for mediclaim for himself.
3.Spent Rs.16,000 on medical treatment of his minor son who is physically handicapped.
How to deal with these items while computing total income ?
Thank You.
CAclubindia
