Income tax act mcqs
WebNov 11, 2024 · Recent Posts. HSC Question Paper 2024 – 12th Commerce (Download Free pdf) HSC OCM Paper 2024 March – Maharashtra Board Download Free Pdf; HSC SP Paper 2024 March – Maharashtra Board Download Free Pdf WebMar 1, 1971 · The Income Tax Act came into force from . A. 1st march 1971: B. 1st april 1971: C. 1st march 1961: D. 1st april 1961: Answer» D. 1st april 1961 ... , Business Taxation multiple choice questions and answers, Business Taxation Important MCQs, Solved MCQs for Business Taxation, Business Taxation MCQs with answers PDF download
Income tax act mcqs
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WebAs per Section 115BBE, income tax shall be calculated at 60% where the total income of assessee includes following income: a) Income referred to in Section 68, Section 69, Section 69A, Section 69B, Section 69C ... [As amended by Finance Act, 2024] MCQ ON TAX TREATMENT OF CASH CREDITS Q1. Any sum found credited in the books of the taxpayer, … WebNov 12, 2024 · Question: Income tax is levied on those individuals Option 1: whose income is less than exempted limit in any previous year Option 2: whose income is more than …
WebMar 6, 2024 · Income Tax Question 1: On which of the following income, direct tax is not applicable? household property agricultural income business income property tax Answer … WebSet 1 Chapter: CAPITAL GAIN Solved MCQs in Business Taxation Chapters INCOME TAX ACT 1961 INCOME FROM SALARY INCOME FROM HOUSE PROPERTY CAPITAL GAIN ASSESSMENT OF VARIOUS ENTITIES MISCELLANEOUS COMPUTATION OF TOTAL TAXABLE INCOME OF AN INDIVIDUAL Download PDF Take a Test Chapter: CAPITAL …
WebNov 10, 2024 · Income Tax MCQ with Answers Pdf (Multiple Choice Questions) Here, I have given the most important selective Income Tax Law and Practice MCQ for those who are … WebApr 10, 2024 · Get Income-tax and Corporate Tax Planning Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Income-tax and Corporate Tax Planning MCQ Quiz Pdf and prepare for your upcoming exams Like Banking, SSC, Railway, UPSC, State PSC. ... Hence Section 80E of the Income Tax Act, of 1961 …
WebIncome Tax Act contains sections (a) XIV (b) 297 (c) XV (d) 298 Q23. Q9. Income Tax Act contains schedules. (a) XIV (b) 297 (c) XV (d) 298 Q15. Part 3 of schedule I of The …
Webmultiple choice questions and answers on income tax Questions Download PDF 1 Under the income- tax act, the incidence of taxation depends on........ A The citizenship of the tax … the new atalantisWebSep 9, 2024 · An Act to Consolidate and amend the law relating to the levy of a tax on the sale of commodity B. Tax on Importation and Exportation C. Tax on Production and Manufacturing D. Consumption of goods E. All of these Answer Correct Answer: E. All of these 2. This Act is implemented in which area? A. Punjab B. Sindh C. KPK D. Baluchistan michel rocheleauWebTaxation MCQs Q. A tax that takes a larger percentage from high-income earners than it does from low-income earners is called (A) proportional tax (B) progressive tax (C) … michel rochette kick boxingWeb16UBI513 - INCOME TAX MULTIPLE CHOICE QUESTIONS. K1 - LEVEL. Income Tax Act was passed in the year _____. 1947 1950 1961 1991. Life Insurance Corporation of India is a _____. AOP Firm Company Individual _____ is an artificial person registered under Indian Companies Act 1956. Individual Company Firm Local Authority michel rodrigue atyaWebJan 31, 2024 · Income Tax MCQs Multiple Choice Questions with Answers (2024 – 23) Choose the Correct Options 1. Income from salary includes: a) Basic payments b) Allowances c) Perquisites d) All of the above Ans: d) All of the above 2. Which of the following components of salary is fully taxable? a) Overtime payments b) Bonus c) … michel rochefortWebAccording to Section 4 of income tax act, 1961, total income of a person is taxable. So to find out the tax liability of any person, we must know ‘which income shall become the part of total income of such person? Section 5 deals with the scope of total income of a person. michel rocard csgWebMCQS on THE KERALA AGRICULTURAL INCOME TAX ACT, 1991 & RULES State Tax Officer exam. DM For Right Decisions. 2.63K subscribers. Subscribe. Share. Save. 646 views 1 … the new atari