Commerce Short Question | Gkseries

Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Question

In which of the following cases, Assessing officer has the discretion to assess the income of the previous year in the previous year or in the subsequent assessment year ?

A Shipping business of non-residents
B Association of Persons (AOP) or Body of Individuals (BOI) formed for a particular event or purpose
C Assessment of persons likely to transfer property to avoid tax
D Discontinued business

Answer & Explanation

Answer:Discontinued business

Advertisement
Article and Schedule Quiz Start Test!
DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Random GK Questions

Assam Direct Recruitment Test Series

Teacher Eligibility Test

Assam Direct Recruitment Test Series