61. Under Income Tax Act, 1961, which of the following heads 'income' is chargeable?
62. Which assesses are allowed deduction under Section 80C?
63. Under which of the following sections of Income Tax Act, the capital gain is chargeable?
64. Time limit to set-off the losses from house property is
65. Consider the following statements.
Assertion (A): Revenue from indirect taxes was the major source of tax revenue till tax reforms were taken during nineties.
Reason (R): Traditionally India's tax regime relied heavily on indirect taxes including customs and excise.
Assertion (A): Revenue from indirect taxes was the major source of tax revenue till tax reforms were taken during nineties.
Reason (R): Traditionally India's tax regime relied heavily on indirect taxes including customs and excise.
66. An individual being Indian citizen or a person of Indian origin, is resident in India if:
67. Which of the following is non-agricultural income?
68. Total income of an assessee is
69. Family pension received by legal heirs of employee is chargeable to tax under the head:
70. In case of an individual taxpayer, surcharge shall be levied only if the income exceeds the following amount
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 6
- Income Tax and Corporate Tax - Section 8
- Income Tax and Corporate Tax - Section 9