Question 1

The trust should be one established in accordance with law and its objects should fall within the definition of the term ………….

Accepted Answer

A) charitable purposes 
B) work purpose 
C) assessment purposes 
D) to earn profit purpose 
A) charitable purposes 
B) work purpose 
C) assessment purposes 
D) to earn profit purpose A

Question 2

Collective group of persons is known as……..

Accepted Answer

A) firm 
B) society 
C) person' 
D) none of the above 
A) firm 
B) society 
C) person' 
D) none of the above A

Question 3

. A person entered into partnership is known as …………

Accepted Answer

A) partner 
B) people 
C) karta 
D) none of the above 
A) partner 
B) people 
C) karta 
D) none of the above A

Question 4

The subject matter of the trust is called …………….

Accepted Answer

A) trust property 
B) own property 
C) own furniture 
D) none of the above 
A) trust property 
B) own property 
C) own furniture 
D) none of the above

Question 5

The payment is authorized by, and is in accordance with the term of partnership deed according to sec………….

Accepted Answer

A) sec. 40(b)(ii) 
B) sec. 40(b)(iii) 
C) sec. 50(b)(ii) 
D) none of the above 
A) sec. 40(b)(ii) 
B) sec. 40(b)(iii) 
C) sec. 50(b)(ii) 
D) none of the above

Question 6

…………..is an obligation annexed to the ownership of property.

Accepted Answer

A) trust 
B) firm 
C) company 
D) karta 
A) trust 
B) firm 
C) company 
D) karta

Question 7

…………..cannot become a partner.

Accepted Answer

A) minor 
B) partner 
C) firm 
D) society 
A) minor 
B) partner 
C) firm 
D) society

Question 8

The person who accepts the confidence is called ………….

Accepted Answer

A) trustee 
B) karta 
C) firm 
D) aop 
A) trustee 
B) karta 
C) firm 
D) aop

The trust should be one established in accordance with law and its objects should fall within the definition of the term ………….

Collective group of persons is known as……..

. A person entered into partnership is known as …………

The subject matter of the trust is called …………….

The payment is authorized by, and is in accordance with the term of partnership deed according to sec………….

…………..is an obligation annexed to the ownership of property.

…………..cannot become a partner.

The person who accepts the confidence is called ………….

Income Tax Act 1961

Income From Salary

Income From House Property

Capital Gain

Miscellaneous and Computation of Total Taxable Income of an Individual

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Exam 5: Assessment of Various Entities

The trust should be one established in accordance with law and its objects should fall within the definition of the term ………….

Collective group of persons is known as……..

. A person entered into partnership is known as …………

The subject matter of the trust is called …………….

The payment is authorized by, and is in accordance with the term of partnership deed according to sec………….

…………..is an obligation annexed to the ownership of property.

…………..cannot become a partner.

The person who accepts the confidence is called ………….

Income Tax Act 1961

Income From Salary

Income From House Property

Capital Gain

Miscellaneous and Computation of Total Taxable Income of an Individual

Filters