Income Tax Law And Practices Set 2

Bachelor of Commerce (B Com),

Bachelor of Commerce in Banking and Insurance (B.Com Banking and Insurance)

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This set of Income Tax Law and Practices Multiple Choice Questions & Answers (MCQs) focuses on Income Tax Law And Practices Set 2

Q1 | A resident must stay in India for 730 days during the previous
Q2 | A person is said to be of Indian origin if he or his parent were born in
Q3 | Receipt by a member from HUF is fully exempt
Q4 | Income of minor child clubbed with the income of parents gets an exemption of
Q5 | To determine the residential status of HUF, the residential status of
Q6 | GST is a………………….
Q7 | A person with the age of or more is considered as a super senior citizen as per Income tax Act.
Q8 | Assessment year is the period of 12 months commencing from_every year.
Q9 | Expenditure incurred on exempted income is.............. as deduction.
Q10 | HRA is………………..
Q11 | If the assessee is living in own house HRA is…………..
Q12 | Children education allowance is exempt up to per month per child for two children.
Q13 | Children hostel allowance is exempt up to per month per child for
Q14 | Transport allowance given by the employer to the employee is exempt up to………..
Q15 | Education allowance is exempted for……..
Q16 | Gratuity received by a government employee is.......................
Q17 | The periodic payment of money for the past service is known as........................
Q18 | Pension is taxable under_head.
Q19 | Which of the following is not included in salaryincome.
Q20 | Dearness allowance is taxable in the handsof.................
Q21 | Deduction under section 80 C is available for investments in
Q22 | Deduction under section 80 CCD is available to investment made in the fund of
Q23 | Maximum deduction under section 80CCE is subject to a maximum of
Q24 | .Deduction under section 80D is available on
Q25 | Deduction under section 80 D is subject to
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