Income tax act mcq

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August undefined, 2024

WebThe income tax rate for short term capital gains specified in Sec.111A is: A. 10%. B. 15%. C. 20%. D. 30%. WebMULTIPLE CHOICE QUESTIONS. Income Tax Act, 1961 came into force on: a. 1– 1 – 1961 b. 1– 4 – 1961 c. 1– 1 – 1962 d. 1– 4 – 1962. Income tax was levied in India first time in: a. 1960 b. 1860 c. 1921 d. 1961. The rate of income tax is fixed under: a. Income Tax Act b.

Basic Concepts of Income Tax MCQ 50 Free MCQs

http://jmpcollege.org/downloads/Introduction_and_Definitions.pdf 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 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: hout exo

Income-tax MCQ [Free PDF] - Objective Question Answer for ... - Testbook

WebNov 11, 2024 · Basic Concepts of Income Tax MCQ. MCQs on other topics of Taxation; Cost Accounting MCQs pdf ; 1. Income tax extends to ……………….. of India. WebAug 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 WebApr 13, 2024 · Get Income-tax and Corporate Tax Planning Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Income-tax and Corporate Tax Planning MCQ Quiz Pdf and prepare for your upcoming exams Like Banking, SSC, Railway, UPSC, State PSC. ... Hence Section 80E of the Income Tax Act, of 1961 … how many gb is 30000 mb

Income Tax MCQ with Answers PDF - Studocu

INCOME TAX ACT 1961 Solved MCQs with PDF Download …

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 … WebFree download in PDF Income Tax General Knowledge Multiple Choice Questions(MCQs) and Answers. These Income Tax GK Quiz or General Awareness quiz objective questions … how many gb is 2 tb of storageWebApr 3, 2024 · पाईये Income-tax उत्तर और विस्तृत समाधान के साथ MCQ प्रश्न। इन्हें मुफ्त में डाउनलोड करें Income-tax MCQ क्विज़ Pdf और अपनी आगामी परीक्षाओं जैसे बैंकिंग, SSC, रेलवे, UPSC, State PSC की ... how many gb is 300k kb

"WebThis post of MCQ is on provisions relating to clubbing provisions under Income Tax Act. Answer to MCQ 53.1: C) Income of wife will not be clubbed in the hands of Mr.X since Mr.X is not having substantial interest in the firm. Answer to MCQ 53.2: B) Shall not be Clubbed in the hands of husband since he transfers a loan without adequate ... " - Income tax act mcq

Income tax act mcq

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

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 … WebNov 23, 2024 · Income tax is a tax on –Income 75. The Income Tax Act, 1961 has 298 – Sections 6. MULTIPLE CHOICE QUESTIONS Subject- Direct Taxation 76. The _____ makes the amendment in the form of omissions, insertions and substitutions in the Income Tax Act. – Finance Act 77. The Income Tax Act extends to _____ of India – Whole India 78.

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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. WebApr 3, 2024 · Income-tax Question 2 Detailed Solution. The correct answer is ₹25,000, ₹7,00,000. Key Points Rebate under section 87A: In order to provide tax relief to the …

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

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, …

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 ...

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. … how many gb is 32768 mbWebJan 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 … how many gb is 37000 mbWebJan 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 … how many gb is 3m kbhttp://www.jmpcollege.org/Adminpanel/AdminUpload/Studymaterial/TYBMS%20SEM%20V%20D%20TAX%20ATKT%20STUDY%20MATERIAL.pdf houtex tennisWebMar 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. … hout facility 2 towns how many gb is 3 tbWeb4 rows · Mar 6, 2024 · Get Income Tax Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. ... houtex towing