Which of the following business’s setting u and operation are not eligible for deduction u/s 35 AD?
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Question 2 of 30
2. Question
1 points
Category: Taxation
Which of the following business are not eligible for deduction u/s 35AD?
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Question 3 of 30
3. Question
1 points
Category: Taxation
Which of the following business are not eligible for deduction u/s 35AD?
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Question 4 of 30
4. Question
1 points
Category: Taxation
Which of the following business are not eligible for deduction u/s 35AD?
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Question 5 of 30
5. Question
1 points
Category: Taxation
Which of the following business are not eligible for deduction u/s 35Ad ?
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Question 6 of 30
6. Question
1 points
Category: Taxation
Duescare Ltd., engaged in fertilizer production in India, purchased additional plant for Rs.35 lakhs, to be exclusively used for production of fertilizer. The deduction u/s 35AD shall be Rs.______
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Question 7 of 30
7. Question
1 points
Category: Taxation
As per section 35 AD of Income tax Act 1961, 100% deduction shall be allowed on account of any________expenditure, incurred wholly and exclusively for the purpose of building notified three star hotel in India.
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Question 8 of 30
8. Question
1 points
Category: Taxation
Carriot Hotels, constructed a three star hotel in India and claimed deduction u/s 35AD, but maintenance and operation of the hotel was given to XYZ Ltd. The deduction allowable u/s 35AD for capital expenditure shall be allowed to _________
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Question 9 of 30
9. Question
1 points
Category: Taxation
Ghopollo Ltd. built a hospital in India during F.Y.2017-18, and incurred Rs.50 lakhs towards hospital building and medical equipment. The hospital started operations on 1-4-2018. It further incurred additional expenditure of Rs.80 lakhs for purchase of additional equipment during 2018-19. Deduction u/s 35AD for F.Y.2018-19 would be Rs.______
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Question 10 of 30
10. Question
1 points
Category: Taxation
Snortis Ltd, built a hospital in India during FY 2017-18 and incurred Rs.50 lakhs towards hospital building and medical equipment, which was capitalized in this FY and not on commencement of operations of hospital on 1-4-2018. It further incurred an expenditure of Rs.80 lakhs for purchase of additional equipment during 2018-19. Deduction u/s 35AD for FY 2018-19 would be
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Question 11 of 30
11. Question
1 points
Category: Taxation
Champ Ltd. provided warehousing facilities exclusively for commercial goods. During FY 2018-19, it demerged its business into two units, commercial produce unit warehouse and warehousing for agriculture produce (for which it incurred additional capital expenditure of Rs.50 lakhs) Deduction u/s 35AD for FY 2018-19 would be Rs.______
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Question 12 of 30
12. Question
1 points
Category: Taxation
Thandai Ltd. had set up a cold chain facility and it purchased certain old equipments from an existing company for Rs.75 lakhs during 2018-19 for setting up the business. Deduction u/s 35AD for F.Y.2018-19 would be Rs.________
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Question 13 of 30
13. Question
1 points
Category: Taxation
Thandal Ltd had sep up a cold chain facility, and it purchased certain equiments of Rs.75 lakhs during 2018-19 on which it claimed deduction u/s 35AD. Later, in FY 2019-20, it transferred such equipment to one of its other businesses, Such transaction would result in
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Question 14 of 30
14. Question
1 points
Category: Taxation
Champ Ltd. provided wherehousing facilities exclusively for commercial goods. During FY 2018-10, it demerged its buinsess into two unit, commercial produce unit warehouse and wharehousing for agricultural produce (for which it incurred additional capital expenditure of Rs.50 lakhs). Deduction u/s 35AD for FY 2018-19 would be Rs. _________
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Question 15 of 30
15. Question
1 points
Category: Taxation
Thandai Ltd. had set up cold chain facility and it purchased certain old equipments from an existing for Rs.75 lakhs during 20189-19 for setting up the business. Deduction u/s 35AD for F.Y.2018-10 would be Rs______
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Question 16 of 30
16. Question
1 points
Category: Taxation
Thandai Ltd. had set up a cold chain facility, and it purchased certain equipments of Rs.75 lakhs during 2018-19 on which it claimed deduction u/s 35AD. Later, in FY 2019-20, it transferred such equipment to one of its other business. Such transaction would result in _______
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Incorrect
Question 17 of 30
17. Question
1 points
Category: Taxation
Suncare Ltd. had set up a cold chain facility and it purchased certain equipments for Rs. 75 lakhs during 2018-19 on which it claimed deduction u/s 35AD. Depreciation that would have been allowable u/s 32, would have been Rs.11.25 lakhs in FY 2018-19 if no deduction was claimed u/s 35AD. Later, in FY 2019-20, the company transferred such equipment to one of its other business. The amount that would be deemed to be income in FY 2019-20 Rs.________
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Question 18 of 30
18. Question
1 points
Category: Taxation
Section 35CCA provides a deduction for payment made to
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Question 19 of 30
19. Question
1 points
Category: Taxation
Undivided Ltd. incurred an expenditure of Rs.50 lakhs on agriculture extension project notified by the CBDT during FY 2018-19. Deduction available u/s 35CCCC in respect of such expenditure would be Rs._____________
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Incorrect
Question 20 of 30
20. Question
1 points
Category: Taxation
Alpha Inc., a foreign company, incurred an expenditure of Rs.50 lakhs on skill development project notified by the CBDT during FY 2018-19. It has a permanent establishment in India, which has taxable u/s 35CCD of Income-tax Act, 1961 to Alpha Inc. shall be Rs.______
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Question 21 of 30
21. Question
1 points
Category: Taxation
Bell Weather LLP, has incurred an expenditure of Rs.50 lakhs on purchase of Land & Building which is to be used for skill development project notified by the CBDT during FY 2018-19. The deduction available u/s 35CCD of Income-tax Act, 1961 to Bell weather shall be Rs._____
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Question 22 of 30
22. Question
1 points
Category: Taxation
Preliminary expenditure is allowed as a deduction in ______________
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Question 23 of 30
23. Question
1 points
Category: Taxation
Which of the following criterion are considered to ascertain deduction for preliminary expenditure ?
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Question 24 of 30
24. Question
1 points
Category: Taxation
Upper Ltd. started business in FY 2016-17. It paid ROC fees of Rs. 5,000 for increasing authorized capital in FY 2018-19 not related to extension of a project. Deduction for preliminary expenditure for such ROC fees shall be Rs._______
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Question 25 of 30
25. Question
1 points
Category: Taxation
Deduction u/s 35D is not available to
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Question 26 of 30
26. Question
1 points
Category: Taxation
Umang Limited incurred expenditure of Rs.10 lakhs to conduct market survey for assessing demand of product in which business is proposed to be carried out during FY 2017-18. They started business in FY 2018-19. The deduction _________ available u/s 35D for such expenditure
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Question 27 of 30
27. Question
1 points
Category: Taxation
Upper Ltd. has a capital employed of Rs.46,00,000. It incurred preliminary expenses of Rs 2,40,000. The deduction availabe u/s 35D for such expenditure to Upper Ltd. Shall be Rs.__________
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Question 28 of 30
28. Question
1 points
Category: Taxation
For claiming deduction u/s 35D firm_
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Question 29 of 30
29. Question
1 points
Category: Taxation
Deduction for expenditure incurred by Indian company on Amalgamation or demerger is allowed as a deduction to the extent of
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Question 30 of 30
30. Question
1 points
Category: Taxation
Expenditure incurred on voluntary retirement scheme is allowed as a deduction to the extent of
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