Income tax act mcq

Author: xuhy

August undefined, 2024

WebQuestions. Download PDF. 1 The period of 12 months commencing on the rt day of April every year is known as ____________ _. A Financial Year. B Assessment Year. C Previous … http://jmpcollege.org/downloads/Introduction_and_Definitions.pdf

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

WebThe income tax rate for short term capital gains specified in Sec.111A is: A. 10%. B. 15%. C. 20%. D. 30%. 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 … sharepoint open file in desktop app

MCQ Self Challenge # 0053 on Clubbing of Income under ITA

Web42. 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. 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 ... http://www.jmpcollege.org/Adminpanel/AdminUpload/Studymaterial/TYBMS%20SEM%20V%20D%20TAX%20ATKT%20STUDY%20MATERIAL.pdf sharepoint on prem powershell

120+ Income Tax Law and Practice Solved MCQs with PDF …

Income Tax Objective Questions and Answers - Study 2 Online

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 … 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. popcorn time windows redditWebQuestion 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, … sharepoint ootb webparts

"Websubject income tax objective questions income tax is levied on(a) monthly basis quarterly basis basis yearly basis income tax is payable on(a) earned income ... Elements Of commerce (Act 04105) Human Resource Management (MGMT3017) Energy Conversion 1 (EEE 303) ... Kotler Chapter 11 MCQ - Multiple choice questions with answers; Foley mark … " - Income tax act mcq

Income tax act mcq

INCOME TAX ACT 1961 Solved MCQs with PDF Download …

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. 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 …

Did you know?

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 … WebJan 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 …

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. 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.

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. 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 ...

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 …

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 … sharepoint open pdf documents in adobeWebMCQ Questions and Answers on Income Tax Act: Here learn most important objective questions and answers on income tax and test online. Set 1. Learn MCQ English. Set 2. … popcorn time windows appWebJan 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 … sharepoint ootb workflowsWebNov 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. … sharepoint open file in appWebMULTIPLE 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. sharepoint ootb featuresWebIncome 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) … sharepoint open link in new tabWebUnder the Income-tax Act, 1961, 'notional profit' from speculative business is – Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of ... sharepoint open containing folder