Income tax act mcqs
WebIncome Tax Act contains sections (a) XIV (b) 297 (c) XV (d) 298 Q23. Q9. Income Tax Act contains schedules. (a) XIV (b) 297 (c) XV (d) 298 Q15. Part 3 of schedule I of The … 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.
Income tax act mcqs
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WebMar 6, 2024 · Get Income Tax Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Income Tax MCQ Quiz Pdf and prepare for your … 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) …
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 India except Sikkim d) Whole of India except jammu & kashamir & Sikkim 2.Every year a Budget is presented before the parliament by WebNov 23, 2024 · The first income tax act was introduced in the year – 1860 60. The apex body of Income Tax Department. Is – CBDT 61. The Income Tax Act 1961 came into force on - 13th Sept 1961 62. The rates of income tax are specified in - Finance Act 63. The CBDT consists of- One Chairman & Six Members 5. MULTIPLE CHOICE QUESTIONS Subject- …
WebSolved MCQs for Income Tax Law and Practice, With PDF download and FREE Mock test ... Under Income Tax Act, which of the following entities comes under the term “Person”: A. … WebSep 9, 2024 · 3. Under Section 2(1) of the Sales Tax Act, 1990 by which law Appellate Tribunal Inland Revenue be established? A. S.130 of the Income Tax Ordinance 2001 B. S.140 of the Income Tax Ordinance 2001 C. S.145 of the Income Tax Ordinance 2001 D. S.150 of the Income Tax Ordinance 2001
WebApr 3, 2024 · The correct answer is ₹25,000, ₹7,00,000 Key Points Rebate under section 87A: In order to provide tax relief to the individual taxpayers who opt for a new regime, section 87A provides a rebate from the tax payable by an assessee, being an individual resident in …
WebThese CS Executive Tax Laws Notes on Scope of Total Income ( Section 5 of Income Tax Act, 1961) are updated for June 2024 and Dec 2024 Exams. These notes are beneficial for ICSI New Syllabus. Visit here for => CS Executive Online Classes. Subscribe our CS Executive Online/Video Classes. biol 1p91 brock universityWebMar 6, 2024 · Get Income Tax Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Income Tax MCQ Quiz Pdf and prepare for your upcoming exams Like Banking, SSC, Railway, UPSC, State PSC. ... The Income Tax Act of 1961's Section 80EEB focuses on the interest payments made on loans taken out to … biol123: infection and immunityWebFeb 10, 2024 · 149.Under the Income Tax Act,1961, depreciation on machinery is charged on A) Purchase price of the machinery B) Written down value of the machinery C) Market price of the machinery D) All of the above biol1500 chapter 5 pearsonWebNov 10, 2024 · Income Tax Law and Practice MCQ for those who are preparing the income tax exam .Here I have given Income Tax MCQ with Answers Pdf 2024 also. ... Income tax … biol 221 redditWebApr 13, 2024 · Section 44ADA of the Income Tax Act 1961: Section 44ADA of the Income Tax Act 1961 provides for a presumptive taxation scheme for professionals whose gross receipts do not exceed Rs. 50 lakhs in a financial year. Under this section, a taxpayer engaged in a profession can declare their income at 50% of their gross receipts and pay … biol 150 montgomery collegeWebB COM SEMESTER 6- MCQ INCOME TAX - II. 1. The charging section of the income under the head capital gains is : A. Section 15 B. Section 17. C. Section 10 D. Section 45 (2) 2. What are the conditions to be fulfilled for charging of income under the head capital gains: A. There must be a capital asset. ... Under the Income-tax Act, ... daily lean capacity rateWebNov 19, 2024 · MCQs of Income Tax. MCQs of Income Tax Ordinance 2001 are available for the students who are preparing for Inspector Inland Revenue. You can check these MCQs day by day. We will upload in parts, and these are the important MCQs of Income Tax Ordinance 2001. So, it will help if you practice them at least thrice before appearing in the … daily learning chabad