Re: ::: vuaskari.com ::: FIN623 MCQ Ans required with a solid ref

Rate charged under presumptive tax regime to non resident shipping firm 8% on its gross receipt is quite low as compare to other business. This is an example of which type of tax concession?
► Reduction in total taxable income
► None of the given options
► Reduction in tax liability
► Reduction in tax rate

4th???

2011/4/24 ∂υα ωαqαя <dua4566@gmail.com>

option 2

http://www.docstoc.com/docs/17135502/Indian-INcome-Tax

Page# 22

On Sun, Apr 24, 2011 at 2:36 PM, /*~1 Nation~*\ <1.nation.vu@gmail.com> wrote:

The process of clubbing of income results in which of the following?

►  Lower Bracket rate of tax is charged

► Higher Bracket rate of tax is charged

► Moderate Bracket rate of tax is charged

► No change occur due to clubbing

is it 1st or 2nd?

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