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Q42
In the event of death of member of OPC, the new member shall nominate a new member shall nominate a new nominee within _____ days of becoming a member
Anonymous Poll
19%
(a) 7
3%
(b) 10
39%
(c) 15
39%
(d) 30
Q77
Providing permission to use technical know how by parent organization to another individual is known as-
Anonymous Poll
85%
(a) Franchising
8%
(b) Agency
5%
(c) Marketing
3%
(d) Dealership
Forwarded from GST MCQ
Q70
Services by a recovery agent to M/s ZZZ Bank Ltd., are liable for GST in the hands of:
Anonymous Poll
80%
(a) M/s ZZZ Bank Ltd.
14%
(b) Recovery agent
6%
(c) Both the above
0%
(d) None of the above
Q45
Residential status of company is to be determined for the purpose of_________
Anonymous Poll
5%
(a) Exemption
27%
(b) Registration
61%
(c) Tax liability
7%
(d) Perpetual succession
*DIRECT TAX BUDGET PROPOSALS*
*Highlights*

₹ 11 lac crore tax collection from ₹ 6 lac crore tax collection in last 5 years

Corporate tax rate @ 25% for companies having ₹ 400 crore sales turnover, covering 99% companies

Investment linked incentives to select sectors under section 35 AD

1.50 lacs additional deduction on interest on loans taken for buying electric vehicles

Start ups - valuation scrutiny and identification of investors to stop

Start ups assessments not to happen without prior approval

Cap gain from sale of residential house - reinvestment in start up can be made upto 31.3.21

Int deduction on housing loan to go up to ₹ 3.50 lacs for affordable house category

NBFCs - to be at par with banks for bad debts allowance

80 LA deduction, exemption of DDT etc. for IFSCs

Adhar card and PAN to be interchangeable for filing

Prefilled tax returns to be made available to assesses having salary, cap gains and other income

E scrutiny - faceless scheme to start this year without disclosing the name of AO

Digital payments - TDS of 2% on cash withdrawal exceeding ₹ 1 crore from bank account during the year

Merchants having ₹ 50 crore or more sales turnover not to levy charges on credit, debit card driven transactions

Surcharge to go up. Effective Tax rate to go up by 3 and 7 % for ₹ 2 to 5 crore and ₹ 5 crore and above
bh1.pdf
1.3 MB
Key Highlights of Budget 2019-20
Q82
__________is the process of choosing the proper course of action from among alternatives and calls for decision-making
Anonymous Poll
75%
(a) Planning
9%
(b) Managing
11%
(c) Forecasting
5%
(d) Brainstorming
Forwarded from GST MCQ
Q73
In case of lottery procured from State Government by a lottery distributor, GST is payable by:
Anonymous Poll
69%
(a) Lottery distributor
19%
(b) State Government
9%
(c) Both the above
3%
(d) None of the above