Income tax act mcq

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WebMar 1, 1971 · Question and answers in INCOME TAX ACT 1961, INCOME TAX ACT 1961 Multiple choice questions and answers, INCOME TAX ACT 1961 Important MCQs, Solved MCQs for INCOME TAX ACT 1961, INCOME TAX ACT 1961 MCQs with answers PDF … WebThe income tax rate for short term capital gains specified in Sec.111A is: A. 10%. B. 15%. C. 20%. D. 30%.

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Web1.Income tax is one of the form of Direct Taxes 2.This tax is Levi able and collected under Income -tax Act, 1961 a) Only 1 b ) Bo th 1&2 C)Only'2 d) Both wrong sentence 4.CBDT … WebNov 12, 2024 · Question: Income tax is levied on those individuals Option 1: whose income is less than exempted limit in any previous year Option 2: whose income is more than … daikin product registration canada

Income Tax MCQ with Answers PDF - Studocu

WebMar 6, 2024 · Latest Income Tax MCQ Objective Questions Income Tax Question 1: On which of the following income, direct tax is not applicable? household property … WebNov 11, 2024 · Cost Accounting MCQs pdf 1. Income tax extends to ……………….. of India. a. Whole of India b. Whole of India except Jammu & Kashmir c. Whole of Maharashtra only … Webmultiple choice questions and answers on income tax Questions Download PDF 1 Under the income- tax act, the incidence of taxation depends on........ A The citizenship of the tax … daikin proshop at compass one

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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: WebFeb 10, 2024 · INCOME TAX Multiple Choice Questions (MCQ) with answers part - 2 knowledge today February 10, 2024 0 INCOME TAX - 2 101.Under the head Income from House Property the basis of charge is ……………………… A) Rent Received B) Gross Annual Value C) Annual Value D) Municipal Value 102.Foreign house property’s income is taxable only … daikin protect s10WebIncome Tax Act was passed in the year_____. Section 10 0f Income Tax Act deals with _____. Section 89 of the Income tax Act deals with ..... Income of political parties is not to be included in total income if certain conditions are satisfied. The relevant section of IT Act 1961 is. Rates of Income tax are fixed under ..... daikin products india

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Income tax act mcq

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

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 ... WebNov 23, 2024 · This notes will cover MCQS OF DIRECT TAXATION. MCQS are designed for MBA Students. Sonal Patil Follow Assistant Professor Advertisement Advertisement Recommended Income from house property ppt Devansh Tiwari 88 views • 19 slides Exempted income under income tax act Altacit Global 27k views • 16 slides

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WebMCQ Questions and Answers on Income Tax Act Home Income Tax Act MCQ Questions and Answers on Income Tax Act: Here learn most important objective questions and …

WebNov 10, 2024 · Income Tax MCQ for UGC NET. Here, I have given the most important selective Income Tax Law and Practice MCQ for those who are preparing the income tax … WebApr 13, 2024 · Get Income-tax and Corporate Tax Planning Multiple Choice Questions (MCQ Quiz) with answers real detailed solutions. Download these Free Income-tax and Corporate Tax Planning MCQ Quiz Pdf and prepare with your future exams Like Banking, SSC, Railway, UPSC, State PSC.

Webb. 12% tax payable if total income exceeds ` 10 lakhs c. 12% of tax payable if total income exceeds ` 50 lakhs d. 10% of tax payable if total income exceeds ` 50 lakhs does not … WebFeb 17, 2024 · Multiple Choice Questions on TDS on Fees for Professional or Technical Services – Section 194J of Income Tax Act. MCQ 1 – TDS on Professional Fees. Shyam …

WebUnder the Income-tax Act, 1961, dividend derived from the shares held as stock-in-trade aretaxable under head – A. Income from other sources B. Income from profits and gains of business or profession C. Capital gains D. Either capital gains or income from profits and gains of business or profession 151.

WebMar 4, 2024 · The rate of TDS applicable for Assessment Year 2024-21 on payment of rent by an individual in excess of Rs. 50,000 per month under Section 1941B of Income Tax Act 1961 w.e.f. 01.06.2024 is 5%. Key Points. Section 194IB of the Income Tax Act is a provision that is enacted to ensure that TDS or Tax Deducted at Source is withheld on rental … daikin proshop compass oneWebJan 31, 2024 · 1) Income from a farm house. 2) Annual value of one palace in the occupation of an ex-ruler. 3) Property income of a local authority. 4) Property income of an approved scientific research association. 5) Property income of an educational institution and hospital. 6) Property income of a registered trade union. daikin product registration indiaWebIncome Tax MCQ Questions and Answers: Here learn quiz questions on Income Tax Act and download pdf 50 questions. Page: 6/7. biofresh rodent beddingWebJan 31, 2024 · Income tax Multiple Choice Questions (MCQs) with answers Assessment Year 2024 – 23 (Previous year 2024 – 22) In this page you get Income Tax MCQs with … daikin psychrometric diagramWebTaxation MCQs Q. A tax that takes a larger percentage from high-income earners than it does from low-income earners is called (A) proportional tax (B) progressive tax (C) regressive tax (D) suppressive tax The answer is: (B) progressive tax Q. Which from the following is NOT an indirect type of tax? (A) Income Tax (B) Sales Tax (C) Custom Tax daikin proshop locationWebINCOME FROM HOUSE PROPERTY Set 1 Chapter: INCOME FROM HOUSE PROPERTY Solved MCQs in Business Taxation Chapters INCOME TAX ACT 1961 INCOME FROM SALARY INCOME FROM HOUSE PROPERTY CAPITAL GAIN ASSESSMENT OF VARIOUS ENTITIES MISCELLANEOUS COMPUTATION OF TOTAL TAXABLE INCOME OF AN … biofresh renalWebApr 3, 2024 · Income-tax Question 1: वित्त विधेयक 2024 के अनुसार नए शासन के तहत आयकर की निम्नलिखित में से कौन सी दर लागू नहीं है? 15% 20% 25% 30% Answer (Detailed Solution Below) Option 3 : 25% India's Super Teachers for all govt. exams Under One Roof FREE Demo Classes Available* Enroll For Free Now Income-tax Question 1 Detailed Solution सही … daikin psychrometric download