Taxation Quiz for Finance Professionals !

Income Tax  Act is vast and its creative interpretation by various professionals like Chartered Accountants, Lawyers and Tax Practitioners and approved by  appellate authorities  turn it into a...

Agriculture Income – A quiz for CA , CS, CWA Students

Under Income Tax Act , agriculture income is exempt from tax. This is provided u/s 10(1) of the I.T.Act. What is agriculture income is...

Carry Forward & Adjustment of Loss – 10 Quizzes !

Carry forward and adjustment of loss is very important provisions under Income Tax Act , as it helps in reducing the taxable income in...

HUF Taxation : How Much You Know ?

Hindu Undivided Family or HUF is a concept of Hindus which is brought under Income Tax Law also. The HUF is a person ,...

Taxation of Companies : Quiz to Test Your Preparation

There are specific provisions which applies only to companies under Income Tax Act . These may relate to amalgamation or demerger or formation of...

Minimum Alternate Tax: Check Your Knowledge

Minimum Alternate Tax or MAT  provides that every company  should compute its total income as per Income Tax Act and Book profit as per...

TDS Quiz for CA ,CS & CWA Exams !

TDS or tax deduction at source is really tedious provision because the law is written in such wide words that there is confusion galore in mind...

Assessment Proceeding: Are You Prepared for CA Exam?

The assessment proceedings under Income Tax Act starts with issue of notice either u/s 143(1) or 143(2) which is popularly known as scrutiny proceeding....

Deduction : How Much You Know About It??

Deductions under income tax is provided under Chapter VIA .The tax reliefs provided to tax payers are given in section 80C to 80 U....

Mergers & Amalgamation: Test Your Knowledge?

Amalgamation or merger is an important tool of restructuring business. Under Income Tax Act , there are specific provisions to deals with various situation arising out of mergers ....
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