CBenchmarking approach
D-Milestone approach
Correct Answer: Option-C
Question45:-A Systematic, integrated and planned approach to solve the problems that decrease operational efficiency at all levels is known as,
‘Ac Executive Development
B:-Management Development
Organisational Development
D-Managing Change
Correct Answer: Option-C
Question46::Which of the following statement is/are incorrect regarding introduction of income tax in India?
(a) Income Tax was introduced for the first time in 1860
(b) Present Income Tax Act came into force on 14,1961
(9 First income Tax Act was passed in 2886
(ल) Income tax act, 1961 is based on the recommendation of chellaiah committee report
‏لهانم‎ and (8)
8:-(0) and (0
८-७9) and (ದ.
D(a) and (0).
Correct Answer: Option ®
Question47:-Ramesh started business on 1.8.2020. His previous year and assessment year are:
‘APY 142020 to 31.3.2021 and AY 1.4.2021 to 313.2022
Bs-PY 1.8.2020 to 31.3.2021 and AY 1.8.2020 to 31.3.2021
೫1 12.2020 to 31.3.2021 and AY 2.4.2022 to 31.3.2022
0:೫ 1.4.2020 to 31.3.2021 and AY 2.8.2022 to 31.3.2022
Correct Answer: Option-C
Question48::Which of the following statement is/are not correct for deemed residential status?
(i), He/She should be an Indian citizen

(ii) Deemed resident is always a Not-ordinarily resident
(10 Deemed residential status is applicable for individual and HUF

(iv) Deemed residential status applied when total income (including foreign sources) exceeds Rs. 15 lakhs.
Aci) only
8:0) and (ii)

coi) and tiv)
Dei) and (iv)
Correct Answer: Option-C
Question49::Which of the following is not an example for income deemed to accrue or arise in India?
‘AcAnnual accretion
B:-Dividend paid by an Indian Company outside India
(6.०८ deducted at source
Taxable portion of transferred balance
Correct Answer: Option ®
QuestionS0:-Definition of salary for deduction 0/5 1601) 1
‘AcBasic pay + DA as per terms
B:-Basic pay only
೦-825/5 Pay + DA as per terms + Commissions based on fixed percentage of tumover
D-Basic Pay + DA
Correct Answer: Option ®

‘QuestionS1:-Given below are two statement

One is labelled as Assertion (A) and the other is Reason (8)
Assertion : Salary received by a partner is taxable under the head income fram ather sources.

Reason: There 15 no employer-employee relationship between partner and the partnership firm

In the light of the above statements choose the correct answer

8000 (A) and (R) are true and (R) is the correct explanation of (A)
Be-Both (A) and (R) are true but (R) is not the correct explanation of (A)
(2) is true but (R) is false

0:44) 15 false but (8) is true