Income tax act mcqs
WebDownload 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 Year. D … WebINCOME 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 INDIVIDUAL Download PDF Take a Test Hide Answers Set 1 of …
Income tax act mcqs
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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 … 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 …
WebJan 31, 2024 · Income Tax MCQs Multiple Choice Questions with Answers (2024 – 23) Fill in the blanks 1. Loss under the head ‘house property income’ can be carried forward for 8 years. 2. Deduction for interest on loan taken for construction of self-occupied house after 01.04.1999 is allowed up to actual amount or Rs. 2, 00,000 whichever is less. 3. 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 …
WebAccording to Section 4 of income tax act, 1961, total income of a person is taxable. So to find out the tax liability of any person, we must know ‘which income shall become the part … WebApr 10, 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 …
WebAccording to Section 4 of income tax act, 1961, total income of a person is taxable. So to find out the tax liability of any person, we must know ‘which income shall become the part of total income of such person? Section 5 deals with the scope of total income of a person.
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 … how to save on padletWeb120+ Income Tax Law and Practice Solved MCQs with PDF Download Master of Commerce (M.com) Income Tax Law and Practice Set 1 Income Tax Law and Practice Solved MCQs … how to save on pampers diapersWebSep 9, 2024 · An Act to Consolidate and amend the law relating to the levy of a tax on the sale of commodity B. Tax on Importation and Exportation C. Tax on Production and Manufacturing D. Consumption of goods E. All of these Answer Correct Answer: E. All of these 2. This Act is implemented in which area? A. Punjab B. Sindh C. KPK D. Baluchistan how to save on pet clinic gameWebNov 23, 2024 · MULTIPLE CHOICE QUESTIONS ON DIRECT TAXATION Advertisement Advertisement 1 of 14 MULTIPLE CHOICE QUESTIONS ON DIRECT TAXATION Nov. 23, 2024 • 32 likes • 81,170 views Download Now Download to read offline Education This notes will cover MCQS OF DIRECT TAXATION. MCQS are designed for MBA Students. Sonal … how to save on pcWebNov 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 … how to save on pg\u0026e billWeb8/27/2024 Chapter 1: Income Tax Act –– MCQs – Level A - Knotia Today is November 1, 20X2, and Jalbert Inc. (Jalbert), a Canadian-controlled private corporation with a November 30 year end, received a notice of assessment (NOA) relating to its 20X1 corporate income tax return. The NOA was dated October 27, 20X2. The CFO of Jalbert disagrees with the … north face ridgelineWebTaxation 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) … north face ridge fleece