०-2350
Correct Answer:- Option ®
Question56:-The cost of process loss is absorbed in the cost of production of good units
‘Ac Normal
B:-Abnormal
ഷി
D:-Completed
Correct Answer:- Option-é
QuestionS7:-Contribution is the difference between
‘AcSales and total cost
B:-Sales and variable cost
CeSales and fixed cost
D:Variable cost and depreciation
Correct Answer:- Option ®
QuestionS8:-Purchase budget is mainly dependent on
‘Ac Material budget and sales budget
B:-Sales budget and rolling budget
Production budget and plant utilisation budget
D:-Production budget and material requirement budget
Correct Answer:- Option-D
QuestionS9:-State whether the following statement are true or false
11 നട deemed to accrue or arise in India is taxable forall irrespective of their residential status.
Il Income received and accrued or arisen outside India from a business controlled from India is taxable for all irrespective of their residential status.
‘AcBoth are true | and I
Bel is true and ‏وأ ال‎ false
Celis false and lis true
D-Both are false land I
Correct Answer:- Option ®
Question60::Which of the following is/are not a taxable income ?
I interest received by a Non-Resident indian.
Il, Any income received or deemed to be received in India by a Non-Resident Indian.
Il Interest income of an Indian Citizen who is Non-Resident:
IV. Interest income received by a Non-Resident on such securities or bonds as the Central Govt. may specify
‘Ac Only Land I
B:-Only I, land 1V
C-Only ۷
D-Only |, land 1v
Correct Answer:- Option-D
Question61::Which of the following is taxable under the head income from other sources, in case of lumpsum received from URPF at the time of retirement ?
‘AsEmployee's own contribution
B:-Employer's contribution and Interest thereon
C-interest on Employee's own contribution
D-None of the above
Correct Answer:- Option-C
‘Question62::Which of the following statements hold true ?
|. Expected rent of any house property is the Municipal Value of Fair Rental Value whichever is lower.
Il Expected rent shall be the Standard rent where Standard rent is higher than Municipal Value or Fair Rental Value
11. Expected rent shall be the Standard rent where Municipal Value or Fair Rental Value is higher than the Standard rent.
೦೧/1
B:-Only I
೦-800 | 2೧ರ ॥
D-Only i
Correct Answer:- Option-D

‘Question63::Which of the following expenses are expressly allowed while calculating business profits under Income Tax Act ?
1: Sums paid for Social or Statistical Research.