Income tax act mcq
WebJan 31, 2024 · 24) The income tax was introduced in Indian for the first time in 1860 by British rulers. 25) Section 10 (10) of the Income-tax Act relates to Gratuity. 26) Advance … Websubject income tax objective questions income tax is levied on(a) monthly basis quarterly basis basis yearly basis income tax is payable on(a) earned income ... Elements Of commerce (Act 04105) Human Resource Management (MGMT3017) Energy Conversion 1 (EEE 303) ... Kotler Chapter 11 MCQ - Multiple choice questions with answers; Foley mark …
Income tax act mcq
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WebThis post of MCQ is on provisions relating to clubbing provisions under Income Tax Act. Answer to MCQ 53.1: C) Income of wife will not be clubbed in the hands of Mr.X since Mr.X is not having substantial interest in the firm. Answer to MCQ 53.2: B) Shall not be Clubbed in the hands of husband since he transfers a loan without adequate ... 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) …
WebUnder the Income-tax Act, 1961, 'notional profit' from speculative business is – Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of ... WebS u b -I n co me Tax Cl ass-Ty Bco m. MCQ -100 To tal Marks- 100 1. The Income tax Act extends to a) W h o l e o f i n d i a b) Whole of India except Jammu & Kashamir c) Whole of …
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 … 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:
WebThe Annual Value has been defined under of Income Tax Act, 1961. A. section 20: B. section 22: C. section 23(1) D. section 23: Answer» C. section 23(1) discuss 2. ... , INCOME FROM HOUSE PROPERTY Multiple choice questions and answers, INCOME FROM HOUSE PROPERTY Important MCQs ...
WebApr 13, 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 … low fat diet suggestionsWebIncome 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 … low fat diet plan for high cholesterolWebFeb 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 ... japan snowfall recordWebThe income tax rate for short term capital gains specified in Sec.111A is: A. 10%. B. 15%. C. 20%. D. 30%. low fat diets recipesWebMar 1, 1971 · As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year. A. current year: B. one year before previous year: C. previous year: D. none of the above: Answer» C. … japan snow festival 2023WebJan 31, 2024 · 8. 25+ Income Tax Deductions MCQs (80C to 80 U), Income Tax MCQs 2024 – 23 [Free PDF] 12. List out partly exempted allowance. 13. Salary paid by an employer … low fat diets for high cholesterolWebFree download in PDF Income Tax General Knowledge Multiple Choice Questions(MCQs) and Answers. These Income Tax GK Quiz or General Awareness quiz objective questions … japan snow light festival