Quiznetik

Audit Taxation | Set 3

1. In case the Key man insurance policy is taken in name of any other person any sum received on its maturity by such person shall be taxable under the head -

Correct : D. Income from Other Sources

2. All companies other than those covered u/s 25 are required to file return of Income in:

Correct : A. Form ITR6

3. The notice under section 143(2) must be served within:

Correct : C. 6 months from the end of the financial year in which the return was furnished

4. The Commissioner of Income-tax (Appeals) is the ________ appellate authority

Correct : A. First