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List of Top Income-tax and Corporate Tax Planning Questions on International Taxation

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Income-tax and Corporate Tax Planning
International Taxation
Q1)
Arm's length price as per section 92 F of the Income Tax Act is the price applied or proposed to be applied when :
Income-tax and Corporate Tax PlanningInternational Taxation
Q2)

Given below are two statements one is labelled as Assertion (A) and the other is labelled as Reason (R). 

Assertion (A):   Section 91 provides for grant of unilateral relief in the case of resident taxpayers on income which has been taxed in India as well as in the country with which there is no Double Taxation Avoidance Agreement. 

Reason (R):   The relief under section 91 is granted by allowing to the tax payer a deduction from tax liability of an amount equal to the tax calculated at the average Indian rate of tax or the amount of tax calculated at the rate of tax of that other country on the doubly taxed income, whichever is higher. 

In the light of the above statements, choose the most appropriate answer from the options given below: 

Income-tax and Corporate Tax PlanningInternational Taxation
Q3)

Arm's length price as per section 92F is the price applied or proposed to be applied when:

Income-tax and Corporate Tax PlanningInternational Taxation
Q4)
When tax system would be progressive?
Income-tax and Corporate Tax PlanningInternational Taxation
Q5)
Which of the following requirements have to be satisfied in order that an assessee is entitled to claim deduction under section 91 for doubly taxed income?

A. The assessee must have been non- resident in India in the relevant previous year.
B. The assessee must have been resident in India in the relevant previous year.
C. Income must have been accrued or arisen to him during that previous year in India.
D. Income must have been accrued or arisen to him during that previous year outside India.
E. In respect of that income which accrued or arouse outside India, he must have paid by deduction or otherwise tax under the law in force in the country in question.

Choose the correct answer from the options given below:
Income-tax and Corporate Tax PlanningInternational Taxation
Q6)

The main objective of safeguard duty is

Income-tax and Corporate Tax PlanningInternational Taxation
Q7)

Counter Vailing Duties (CVD) are often imposed on imports to offset the impact of

Income-tax and Corporate Tax PlanningInternational Taxation