site stats

Income tax act mcq

WebA) 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. WebJul 1, 2024 · Q47. Various income tax authority defined under section: A. 116. B 115. C. 114. D.118. 48. The provision regarding income tax authority appointmented by central government under section: A. 116. B. 115. C. 117. D. 119. 49. Circulars and Notifications are binding on the. Central Board of Direct Taxes (CBOT) Assessee; Income Tax Appellate ...

INCOME FROM HOUSE PROPERTY Solved MCQs with PDF …

Web4 rows · Mar 6, 2024 · Get Income Tax Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. ... Web3. Income Tax Act 4. Net tax liability 5. Rate of tax 6. Finance minister 7. Parliament 8. Determination of total income (a) Income tax act (b) 1st April 1961 (c) Approves finance … shan neng granite table https://ladysrock.com

Income Tax MCQ with Answers PDF - Studocu

WebMar 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. … 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 … WebJan 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 out of capital will be: a) A revenue receipt in the hands of employee. b) A capital receipt in the hands of employee. c) A casual receipt. d) None of the above. shannen hosman

Income Tax MCQ with Answers PDF - Studocu

Category:Income Tax :- Introduction and Important Objective [MCQ] Question

Tags:Income tax act mcq

Income tax act mcq

Income Tax MCQ [Free PDF] - Objective Question Answer for Income Tax …

WebIncome Tax objective Questions and Answers pdf download, Here learn quiz questions on Income Tax Act and download pdf 50 questions and online test.

Income tax act mcq

Did you know?

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 ... WebMar 8, 2024 · Get Goods and Services Tax (GST) Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. ... Wealth Tax, according to the Wealth Tax Act, 1957, ... Income tax is a direct tax that is paid to the government on the income of persons or corporations that are expected to pay taxes.

WebNov 12, 2024 · Income Tax MCQs for UGC Net : Get access to the latest 50 Free MCQ'S on Income Tax prepared with NTA-UGC-NET Exams course curated by ugcnetpaper1. … 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 ...

WebIncome Tax MCQ Questions and Answers: Here learn quiz questions on Income Tax Act and download pdf 50 questions. Test Your Answer Click Option Button Page: 2/7 Web200A(1) can be rectified by the Income Tax Authorities under section 154. (a) True (b) False Correct answer : (a) Justification of correct answer : As per section 154, any mistake apparent from the record can be rectified by the Income Tax Authorities in following cases: a) Any order passed under any provisions of the Income-tax Act.

WebQuestion and answers in Income Tax Law and Practice, Income Tax Law and Practice multiple choice questions and answers, Income Tax Law and Practice Important MCQs, …

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 … poly plastic bags for clothes near meWebAug 18, 2024 · The income received from transfer of Carbon Credit in the A.Y. 2024-20 shall be taxed as per section 115BBG of the Act and the amount of tax on such income payable shall be: (a) 7 5,82,400 (b) 7 5,56,400 poly plastic bags amazonWebFree download in PDF Income Tax General Knowledge Multiple Choice Questions(MCQs) and Answers. These Income Tax GK Quiz or General Awareness quiz objective questions … shannen james breakfast with you lyricsWebJan 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 … poly plastic bags 12 x 18 2milWeb42. The charging section of the Income-tax Act, 1961, states that the income earned in a year is taxable in the next year. This is known as _____ A. Principle of mutuality B. Previous year rule C. Financial year rule D. None of these. 43. Income-tax in India is charged at the rates prescribed by - A. The Finance Act of the assessment year B. shannen koostachin elementary school staffhttp://www.jmpcollege.org/Adminpanel/AdminUpload/Studymaterial/TYBMS%20SEM%20V%20D%20TAX%20ATKT%20STUDY%20MATERIAL.pdf shannen heartzWeb5. 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: poly plastic bags for shirts near me