Income tax act mcq
WebIncome Tax MCQ with Answers PDF Guru Gobind Singh Indraprastha University income tax mcq with answers pdf basic concept (bold text answers) income tax is direct. ... Income tax act 1961 came in to force on A) 1st April 1960 B) … WebFeb 10, 2024 · INCOME TAX Multiple Choice Questions (MCQ) with answers part - 2 knowledge today February 10, 2024 0 INCOME TAX - 2 101.Under the head Income from House Property the basis of charge is ……………………… A) Rent Received B) Gross Annual Value C) Annual Value D) Municipal Value 102.Foreign house property’s income is taxable only …
Income tax act mcq
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WebTaxation 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) regressive tax (D) suppressive tax The answer is: (B) progressive tax Q. Which from the following is NOT an indirect type of tax? (A) Income Tax (B) Sales Tax (C) Custom Tax WebIncome Tax Act was passed in the year_____. Section 10 0f Income Tax Act deals with _____. Section 89 of the Income tax Act deals with ..... Income of political parties is not to be included in total income if certain conditions are satisfied. The relevant section of IT Act 1961 is. Rates of Income tax are fixed under .....
Web1.Income tax is one of the form of Direct Taxes 2.This tax is Levi able and collected under Income -tax Act, 1961 a) Only 1 b ) Bo th 1&2 C)Only'2 d) Both wrong sentence 4.CBDT … WebINCOME FROM HOUSE PROPERTY Set 1 Chapter: INCOME FROM HOUSE PROPERTY 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 …
WebJan 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) … Web5. The Present Income Tax Act is known as: a. Income Tax Act,1922 b. Income Tax Act,1886 c. Income Tax Rule, 1962 d. Income Tax Act, 1961 6. The period of 12 months commencing on 1 st day of April every year is known as: a. The Previous Year b. The Accounting Year c. The Assessment Year d. The Financial Year 7. The definition of income is:
WebIncome Tax MCQ with Answers PDF. Basic concept. (Bold Text = Answers) Income tax is aA) Direct taxB) Indirect taxC) Total taxD) Danger tax. Sambalpur university is a A) Local …
WebFeb 6, 2024 · 1. Income Tax Act was passed in the year………. A) 1934 B) 1956 C) 1961 D) 1972. 2. Income Tax Act came into force on………… A)1. st April 1935 B) 1. st April ... citing code of ethics social workWebA) Chargeable under the Wealth-tax Act, 1957 B) Not chargeable under the Income-tax C) Chargeable under section 17(3)(i) D) Chargeable under section 28(ii) (a). 169. DSK, an LLP had taken key man insurance policy on the life of its managing partner. citing college websitesdiatomaceous earth ph levelWebApr 3, 2024 · Income-tax Question 1: Which of the following rate of Income Tax under the new regime is not applicable as per the Finance Bill 2024? 15% 20% 25% 30% Answer … diatomaceous earth powder dispenserhttp://jmpcollege.org/downloads/Introduction_and_Definitions.pdf diatomaceous earth pills for humansWebApr 13, 2024 · Get Income-tax and Corporate Tax Planning Multiple Choice Questions (MCQ Quiz) with answers real detailed solutions. Download these Free Income-tax and Corporate Tax Planning MCQ Quiz Pdf and prepare with your future exams Like Banking, SSC, Railway, UPSC, State PSC. citing code of federal regulationsWebb. 12% tax payable if total income exceeds ` 10 lakhs c. 12% of tax payable if total income exceeds ` 50 lakhs d. 10% of tax payable if total income exceeds ` 50 lakhs does not … diatomaceous earth pinworms