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<html><body><h2 id="content-id-9431056287-2"><b>IT And Corporate Tax Questions Overview</b></h2><p>IT And Corporate Tax Questions have a good weightage in the Sbi Po Exam and the type of question asked in Sbi Po exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in IT And Corporate Tax Questions.</p><h2 id="content-id-9126837540-3"><b>Question On IT And Corporate Tax </b></h2>As per the income Tax Act, self-assessment is made under section:
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Moderate </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 32 Seconds </h3></div></div><h2 id="content-id-5268731904-4"><b> IT And Corporate Tax Questions Options</b></h2><ol><li><p><span style="font-size:14px">143 (1)</span></p>
</li><li><p><span style="font-size:14px">143 (3)</span></p>
</li><li><p><span style="font-size:14px">140A</span></p>
</li><li><p><span style="font-size:14px">147</span></p>
</li></ol> <h2 id="content-id-4602573819-5"><b> IT And Corporate Tax Questions Solution</b></h2><p><span style="font-size:14px">The correct answer is <strong>option 3 </strong>i.e. <strong>140A.</strong><br>
Under the Income-tax Law, there are five major assessments given below: </span></p>

<ul>
	<li style="text-align:justify"><span style="font-size:14px">Assessment under section 143(1) :  Summary assessment without calling the assessee.</span></li>
	<li style="text-align:justify"><span style="font-size:14px">Assessment under section 143(3) :   Scrutiny assessment. </span></li>
	<li style="text-align:justify"><span style="font-size:14px">Assessment under section 144      :  Best judgment assessment. </span></li>
	<li style="text-align:justify"><span style="font-size:14px">Assessment under section 147      :  Income escaping assessment. </span></li>
	<li style="text-align:justify"><span style="font-size:14px">Assessment under Section 140A   :  Self assessment of Income Tax      </span></li>
</ul>
<h2 id="content-id-1387526094-6"><b> IT And Corporate Tax Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/IT_And_Corporate_Tax_Questions_Tips_and_Tricks.png" alt="IT And Corporate Tax Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve IT And Corporate Tax Questions without taking any help from the solutions.</li><li>IT And Corporate Tax Questions require proper usage of concept so firstly read the question thoroughly and then use the right concept. </li><li>In case you're not able to solve the question in less than 30 seconds in the exam then you should skip the question and move to the next question.</li></ol><h3><b>Daily Current Affairs </b></h3><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Daily_Current_Affairs.png" alt="Daily Current Affairs" height="260" width="480"><p>KD Live is providing Current Affairs on a daily basis for Banking and a current affairs quiz too for the practice. 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The correct answer is option 3 i.e. 140 - IT And Corporate Tax Questions are asked in Sbi Po exams and your question has been explained by experts like Neetu Mam.

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