Corporate Taxation

2. Section 139AA requires linking of ________ number with Permanent Account Number
4. A return filed under section 139(8A) is an _______ return
5. The rate of depreciation in respect of these assets is 25%
7. Tax under section 192 is deductible at the time of _____ of salaries
10. expenses are disallowed u/s 37
11. Deduction u/s35AD is available to these business, if they opt out of the default tax regime
15. LTCL can be set-off only against __________ (acronym)
16. 40% of income derived from sale of _____ grown and manufactured by the seller in India would be treated as business income.
17. A return filed under section 139(5) is a ________ return
19. Loss from _________ business can be carried forward indefinitely

1. Current year business loss cannot be set-off against ______ income
3. _________ depreciation is allowable in respect of new plant and machinery installed during the year by a manufacturing concern while computing business income, only if it has opted out of the default tax regime
6. Section 194C provides for payment to a ________
8. Expenditure on _____________ research is allowable as deduction u/s 35 while computing business income
9. A return filed under section 139(4) is a __________ return
10. _________ income is computed under section 44AD, 44ADA and 44AE
12. High rate of TDS is attracted for non-furnishing of _________ (acronym)
13. Advance tax is generally payable in _____ installments
14. ________ tax is not allowable as deduction while computing business income
18. Under section 194, tax is deductible on ________