०-2350
படட பப
QuestionS6:-The cost of process loss is absorbed in the cost of production of good units.
Ac Normal
B:-Abnormal
ഷി
D:-Completed
Correct Answer:- ೦೧000
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 ®
00500758: 70/5125 budget is mainly dependent on
‘Ac Material budget and sales budget
B:-Sales budget and rolling budget
C=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
| income 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 11
8:1 15 true and ॥ 15 false
Cots false and ॥ 15 true
D-Both are false ۱۷
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.
11. 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
ரெடி Land ॥
B:-Only I ॥ ۷
೦-೦೧೫ ۷
D-Only |, 7۷
Correct Answer:- Option-D
ಟಟ 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
Interest on Employee's own contribution
D-None of the above
Correct Answer: Option-C
Question62::Which of the following statements hold true 7
|. 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:
‏0۱م‎
‎B:-Only I
೦-800 | and 11
D-Only ‏لا‎
‎Correct Answer:- Option-D

‘Question63::Which of the following expenses are expressly allowed while calculating business profits under Income Tax Act ?
1. 50115 paid for Social or Statistical Research.