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Taxation in Securities Markets Cert. Free Demo Test 10

/10

Taxation in Securities Markets Certification Free Demo Test 10

1 / 10

1. If all transactions are made through a bank account, the presumptive income shall be _______ of the turnover.

2 / 10

2. ________ shall be levied on inter-state supply of goods or services.

3 / 10

3. _______ arises when the agent is empowered to enter into the contracts and carry out jobs exclusively for its principal.

4 / 10

4. The ________ of the company shall be deemed to be an assesses-in-default for the amount of tax payable on buyback of shares.

5 / 10

5. The lender is required to deposit _______ of the lending price as a margin in the case of SLB.

6 / 10

6. An FPI being an investment division of an offshore banking unit is subject to the provisions of alternate minimum tax.

7 / 10

7. In the case of cumulative preference shares, the dividend is only payable out of the net profits of each year.

8 / 10

8. The intra-day trading of shares is considered a speculative transaction.

9 / 10

9. The multilateral convention shall implement the measures recommended by the _______ to prevent base erosion and profit shifting.

10 / 10

10. The short-term capital gains on index ETFs would be taxable at the rate of _______ under Section 111A.

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