Income Tax Law And Practice Set 5

Master of Commerce (M.com)

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This set of Income Tax Law and Practice Multiple Choice Questions & Answers (MCQs) focuses on Income Tax Law And Practice Set 5

Q1 | When the income of minor child is included in the income of parent, then parent isentitled to an exemption up to:
Q2 | Loss in respect of speculation business can be:
Q3 | The unabsorbed loss under “Income from house property” shall be carried forward andset-off in subsequent assessment years up to a maximum of ............................... years against income from house property.
Q4 | The losses of non-speculation business can be carried forward and set off against:
Q5 | The losses of non-speculation business can be carried forward for:
Q6 | The losses of speculation business can be carried forward for:
Q7 | The losses from specified business can be carried forward and can be set-off againstprofits of:
Q8 | S T C L can be carried forward for:
Q9 | S T C L can be carried forward and set-off against:
Q10 | L T C L can be carried forward for:
Q11 | L T C L can be carried forward and set-off against:
Q12 | Loss from the activity of owning and maintaining race horses can be carried forward for:
Q13 | Only................are entitled to deduction under section 80 U.
Q14 | The amount of deduction under section 80 C is restricted to:
Q15 | The aggregate amount of deduction under section 80 C, section 80 CCC and section 80CCD(1) shall not exceed:
Q16 | The deduction in respect of medical treatment of a dependent who is a person withdisability is:
Q17 | The deduction in respect of medical treatment of a dependent who is a person withdisability is:
Q18 | Which among the following deals with deduction in respect of donation to certain funds,charitable institution, etc?
Q19 | With effect from A. Y. 2018-19, donation should be paid in any mode other than cashwhen it exceeds:
Q20 | Which among the following deals with deduction in respect of royalty income ofauthors?
Q21 | Which among the following deals with deduction in respect persons with disability?
Q22 | While computing the total income, an individual assessee with disability is entitled to adeduction of:
Q23 | An individual assessee with severe disability is entitled to a deduction of................. while computing his total income.
Q24 | Hill allowance given to an employee is fully taxable, if the place is located at:
Q25 | Which among the following is a fully exempted allowance?
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