PLEASE HELP ME IN TAX


1)In determining annual value the following factor should be taken into consideration , except---

 

a) Actual rent rev  b)Fair rent of the property  c)Deposit recv from tenants   d) standard rent

 

2)Provision of section 44AD shall not apply in the follwing cases---

 

a) where gross recipts exceed 60 lak

 

b)where assessee claims that the profit and gains form the business are less than8% of gross receipts

 

c)Either gross recipts exceed 60 lac or assessee claims that the profit and gains form the business are less than8% of gross receipts

 

d)Both gross recipts exceed 60lac or assessee claims that the profit and gains form the business are less than8% of gross receipts

Replies (2)

1 ....... c)

2 .........b) and d)

Ans.1  C

Ans.2.  D

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