Compensation for cancellation of a licence by the government resulting in cessation of business is...................................
A) a casual receipt.
B) a capital receipt.
C) a revenue receipt.
D) none of the above.
Correct Answer:
Verified
Q1: Under the income- tax act, the incidence
Q2: Unabsorbed depreciation can be carried forward for
Q3: Income Tax Act came into force on............................
A)01-04-1961
B)01-04-1962
C)01-04-1956
D)01-04-1965
Q4: Which of the following is not a
Q6: Compensation received for loss of trading asset
Q7: Salary received by the manager of an
Q8: A citizen of India who goes abroad
Q9: Loss due to fire of hired machinery
Q10: Embezzlement of cash by a cashier is.................
A)a
Q11: Who among the following may be "not
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