Income Tax Act, 1961 distinguished a closely held company from widely held company significantly from the viewpoint of:

CS Executive · Tax Laws and Practice · PYQS · December 2018
Income Tax Act, 1961 distinguished a closely held company from widely held company significantly from the viewpoint of:
(A) tax levied at different rates
(B) section 2(22)(e) where certain payments made to shareholders are treated as deemed dividend
(C) allowed to carry forward its business losses only if the conditions specified in section 79 are satisfied
(D) Both (B) and (C)

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic