B:-Internal audit

C:-Statutory audit

D:-Private audit

Correct Answer:- Option-C
Question87:-Any person who is responsible to pay tax on behalf of a minor, lunatic or a non-resident is known as

A:-Assessee in default

B:-Ordinary assessee

C:-Deemed assessee

D:-None of these

Correct Answer:- Option-C
Question88:-Assessee includes

A:-Individual
-HUF

C:-Company

D:-All of the above

Correct Answer:- Option-D
Question89:-Income tax department works under
A:-State govt.
-President

C:-Income tax commission

D:-CBDT

Correct Answer:- Option-D
Question90:-Exempted income is
A:-Not taxable under income tax
-Not included in total income

C:-Agricultural income

D:-All of the above

Correct Answer:- Option-D
Question91:-Types of assesses in income tax from residential point of view

D:-Many
Correct Answer:- Option-B
Question92:-Company may be
A:-Resident
B:-Non-resident
C:-Not ordinarily resident
D:-Resident or non-resident
Correct Answer:- Option-D
Question93:-Previous year is
A:-Preceding year
B:-Income earning year
C:-Tax calculating year
D:-Income computation year
Correct Answer:- Option-B
Question94:-The value added tax is an expense to be suffered by
A:-Suppliers
B:-Traders
C:-Companies
D:-Final consumer
Correct Answer:- Option-D
Question95:-The responsibility for the preparation of the financial statements and the accompanying foot notes belongs to
A:-Both management and the auditor equally
B:-Management for the statements and the auditor for the notes
C:-The auditor
D:-Management
Correct Answer:- Option-D
Question96:-Debit note is associated with