Income Tax Law And Practices Set 3

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 3

Q1 | Deduction under section 80DD is available to
Q2 | Deduction under sec 80DD is available to the extent of
Q3 | Deduction under section 80DDB is available to the extent of
Q4 | Deduction under section 80E is available on
Q5 | Deduction under 80 QQB is available in respect of
Q6 | Every assesse has to file return of income if their taxable income exceeds
Q7 | .The due date of filing return of income in case of company is
Q8 | if total income is up to 50,000 then the late fees of filing ROI IS
Q9 | If total income is up to 5,00,000 then the late fees of filing ROI is
Q10 | Sales tax collected from the buyer of the goods is
Q11 | Income tax is collected on all types ofincome except .
Q12 | The Income Tax Act came into force from .
Q13 | The Income Tax Act came into force all over India except .
Q14 | As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.
Q15 | The tax payer liability is determined with reference to his or her .
Q16 | As per the definition of Income, the income includes the following .
Q17 | The period of 12 months commencing on the first day of April every year and ending on 31stMarch is called as .
Q18 | Previous year means the financial year immediately preceding the .
Q19 | Agricultural income is completely exempted for assessment year .
Q20 | The income from foreign companies by providing the services in project connected with security of India is _________ from tax liability.
Q21 | An individual is said to be resident in India if .
Q22 | The HUF is said to be resident in India if .
Q23 | The awards and rewards are exempted from Income Tax if .
Q24 | Income received in India whether occurred in India or outside India, the tax incidence in caseof resident is .
Q25 | Income received in India whether occurred in India or outside India, the tax incidence in case of resident but not ordinarily resident is .
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