Income from Business or Profession – CS Executive Tax Laws MCQs
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Question 1.“The Information Technology Act, 2000 does not apply to certain documents or transactions”. Explain.OrDescribe the documents or transactions to which the Information Technology Act, 2000 shall not apply. [Dec. 2019 (4 Marks)]Answer:The Information Technology Act, 2000 does not apply to the following documents or transactions: Question 2.Distinguish between: ‘Public key’ and ‘private key’. [June
Question 1.State the advantages of limited liability partnership form of business organization.Answer:Advantages of LLP are as follows:1. Easy to form: Forming LLP is an easy process. It is less complicated and time-consuming unlike the process of formation of a company. 2. Liability: The partners of the LLP have limited liability which means partners are not
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