31. The interest on borrowed fund or under hire-purchase/instalment system is . . . . . . . . in computing the income.
32. Interest for deferment of advance tax is covered under Section
33. For the assessment year 2019-20, deduction under Section 80G is available without any limit, but at the rate of 50% on
34. Which of the following statement/s is/are true?
35. Deduction, which are permissible from gross total income are from
36. Agricultural income is completely exempted from income tax from the assessment year 1974-75. As per section 10(1), agricultural income earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the income tax Act. As per section 2(1A), agricultural income generally means:
37. In which Section of Income Tax Act, the sum received by a member from Hindu Undivided Family (HUF) will be exempted
38. Fourth instalment of advance tax payable falls due on or before
39. The Income from House Property is taxable in the hands of the individual even if property is not registered in his name:
40. Income from sale of rural agricultural land is:
Read More Section(Income Tax and Corporate Tax)
Each Section contains maximum 100 MCQs question on Income Tax and Corporate Tax. To get more questions visit other sections.
- Income Tax and Corporate Tax - Section 1
- Income Tax and Corporate Tax - Section 2
- Income Tax and Corporate Tax - Section 3
- Income Tax and Corporate Tax - Section 5
- Income Tax and Corporate Tax - Section 6
- Income Tax and Corporate Tax - Section 7
- Income Tax and Corporate Tax - Section 8
- Income Tax and Corporate Tax - Section 9