A municipal committee legally entitled to manage and control a municipal fund is chargeable to income-tax in the status of:
CS Executive · Tax Laws and Practice · PYQS · December 2017
A municipal committee legally entitled to manage and control a municipal fund is chargeable to income-tax in the status of:
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C). Official source note: A municipal committee legally entitled to manage and control a municipal fund is chargeable to income-tax in the status of : (A) individual (B) association of persons (C) local authority (D) artificial juridical person
Topics: Income Tax
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