Question

1. Aman entered into an agreement with Brij
for sale of a building for 20 lakh in June, 2016
Aman received advance of 2 lakh.
Subsequently, the agreement was cancelled
and Aman forfeited the advance money. The
advance money is -
(a) To be reduced from the cost of acquisition
(b) To be reduced from indexed cost of
acquisition
(c) Taxable as capital gains
(d) Taxable as income under the head 'income
from other sources


2 State which of the following statements is
correct in respect of obtaining a separate
registration for Business verticals:
(a) Person can obtain centralized registration.
(b) Person shall obtain a separate registration
for each of his verticals.
(c) He can have only two registrations in a
state.
(d) Either (a) or (b).​

Answer 1

Mukesh Dhirubhai Ambani is an Indian billionaire business magnate, and the chairman, managing director, and largest shareholder of Reliance Industries Ltd., a Fortune Global 500 company and India's most valuable company by market value.

Net worth: 7,150 crores USD (2020) Forbes, Trending

Born: 19 April 1957 (age 63 years), Aden, Yemen

Height: 1.69 m

Spouse: Nita Ambani (m. 1985)

Education: Institute of Chemical Technology (ICT), St. Xavier's College (Autonomous), Stanford University, Forest School, more

Children: Isha Ambani, Akash Ambani, Anant Ambani

Answer 2

Answer:

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