1. RAJA Ltd. has earned income of ₹ 150 lakh inclusive of income of ₹ 50 lakh from the transfer of Carbon Credit during the year 2020-21. The company had incurred an amount of ₹ 5 lakh as transfer expenses on the transfer of Carbon Credit. The income received from the transfer of Carbon Credit in the A.Y. 2021 -22 shall be taxed as per section 115BBG of the Act and the amount of tax on such income payable shall be :

2. Income-tax Act, 1961 distinguished a closely held company from a widely held company significantly from the viewpoint of:

3. In order to be entitled to concessional rate of tax for dividend received from a foreign company, the Indian company should have the following minimum shareholding in such foreign company

4. Provisions of Section 115JB are applicable in case of –

5. Provisions of Minimum Alternate Tax (MAT) are applicable to the companies which are;
(i) Indian companies
(ii) Foreign companies
(iii) LLP

6. The royalty of ₹ 105 lakh received by a foreign company from an Indian concern in pursuance of an agreement approved by the Central Government in the previous year 2018-2019.
The amount of tax payable on such royalty Income for Asst. The year 2019-2020 is:

7. A transfer of a capital asset by a private company or unlisted public company shall not be treated as transfer u/s 47(xiii b) of the Act on Conversion into LLP on fulfillment of the conditions which inter alia include that the total value of assets as appearing in the books of account of the company in any of the three previous years preceding the previous year in which the conversion took place does not exceed

8. RAJA Ltd. has earned income of ₹ 150 lakh inclusive of income of ₹ 50 lakh from the transfer of Carbon Credit during the year 2020-21. The company had incurred an amount of ₹ 5 lakh as transfer expenses on the transfer of Carbon Credit. The income received from the transfer of Carbon Credit in the A.Y. 2021 -22 shall be taxed as per section 115BBG of the Act and the amount of tax on such income payable shall be :

9. An Indian company having 30% voting power in a foreign company received a dividend of ₹ 10 lakh from the foreign company.
The dividend so received by the Indian company is

10. In order to be entitled to concessional rate of tax for dividend received from a foreign company, the Indian company should have the following minimum shareholding in such foreign company

11. Provisions of Minimum Alternate Tax (MAT) are applicable to the companies which are;
(i) Indian companies
(ii) Foreign companies
(iii) LLP

12. According to Section 2(1 B), “amalgamation, in relation to companies means, the merger of one or more companies with another company or the merger of two or more companies to form one company” provided all conditions except the following are satisfied:

13. An Indian company having 30% voting power in a foreign company received a dividend of ₹ 10 lakh from the foreign company.
The dividend so received by the Indian company is

14. Provisions of Section 115JB are applicable in case of –

15. According to Section 2(1 B), “amalgamation, in relation to companies means, the merger of one or more companies with another company or the merger of two or more companies to form one company” provided all conditions except the following are satisfied:

16. The total income of XYZ Limited includes the income of dividends of ₹ 10 lakh paid by a U.K. base foreign company in which XYZ Limited holds 30% of the equity share capital. The dividend income so received by the company from the U.K. base foreign company in A.Y. 2021-22 shall be:

17. The total income of XYZ Limited includes the income of dividends of ₹ 10 lakhs paid by a UK-based foreign company in which XYZ Limited holds 30% of the equity share capital. ₹ 50,000 has been spent for earning such a dividend.
The dividend income so received by the company from the UK based foreign company and the tax rate shall be:

18. Provisions of Minimum Alternate Tax (MAT) are applicable to the companies which are:
(i) Indian companies
(ii) Foreign companies in certain situations
(iii) LLP

19. Provisions of Section 115JC are not at all applicable to