Question

For Assessment of firm and calculating tax liability the correct sequence of Income Tax provision will be:
A. Calculation of Income under various heads
B. Calculation of total income and tax liability
C. Adjustment of deduction from Gross total income
D. Define residential status of firm
E. Set-off and carry - forward of losses
Choose the correct answer from the options given below :

• A. A, D, C, E, B
• B. A, C, D, E, B
• C. D, A, C, E, B
• D. D, C, A, B, E

Answer 1

Answer: (C)

D, A, C, E, B

Answer 2

The correct answer is (C) : D, A, C, E, B.