31. Surcharge is payable by an individual where the total income exceeds
32. The deduction for donation to National Foundation for Communal Harmony is:
33. How many traditional methods are there for calculating a transfer price?
34. Premium paid towards life insurance policies qualifies for deduction under Section 80C, up to a maximum of which of the following amounts a year?
35. On which of the following grounds, the tax payer liability of an assessee is determined?
36. On which income deduction under deduction 80G is not allowed:
37. According to Section 5 of Income Tax Act, 1961, Incomes, which accrue arise outside India, but are received directly into India are taxable in case of
38. Which one of the following incomes is/are taxable?
1. A local authority has earned income from the supply of water or electricity outside its own jurisdictional area.
2. An income under the head capital gain to a local authority.
3. A daily allowance received by a Member of Parliament.
4. Income arising from the transfer of units of the Unit Trust of India or of mutual fund covered under Section 10(23D).
Select the correct answer using the options given below
1. A local authority has earned income from the supply of water or electricity outside its own jurisdictional area.
2. An income under the head capital gain to a local authority.
3. A daily allowance received by a Member of Parliament.
4. Income arising from the transfer of units of the Unit Trust of India or of mutual fund covered under Section 10(23D).
Select the correct answer using the options given below
39. Any profit or facility received by an employee is called
40. Which of the following is not a direct tax?
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 4
- Income Tax and Corporate Tax - Section 5
- Income Tax and Corporate Tax - Section 7
- Income Tax and Corporate Tax - Section 8
- Income Tax and Corporate Tax - Section 9