61. Which of the following income is not chargeable under the head 'income from business and profession'?
62. Interest under Section 201(1A) is payable by an assessee due to the following reason
63. The return of income is to be furnished in:
64. Which of the following is related to self-assessment?
65. Determine the status of Banaras Hindu University (BHU):
66. According to Income Tax Act, 1961, Salary is defined to include:
1. Wages, Annuity, Pension, Gratuity
2. Fees, Commission, Perquisites, Profits in lieu of or in addition to Salary or Wages
3. Advance of Salary, Leave Encashment
4. Annual accretion to the balance of Recognized Provident Fund, transferred balance in Recognized Provident Fund
5. Contribution by Central Government or any other employer to Employees Pension Account as referred in Section 80CCD
1. Wages, Annuity, Pension, Gratuity
2. Fees, Commission, Perquisites, Profits in lieu of or in addition to Salary or Wages
3. Advance of Salary, Leave Encashment
4. Annual accretion to the balance of Recognized Provident Fund, transferred balance in Recognized Provident Fund
5. Contribution by Central Government or any other employer to Employees Pension Account as referred in Section 80CCD
67. For up to which of the following amounts, an individual can claim a deduction for the insurance of self, spouse, and dependent children?
68. Mr. A resident of Mumbai gets a salary of Rs. 10,000 per month and house rent allowance of Rs. 3,000 per month. He has paid rent of Rs. 4,000 per month. Taxable house rent allowance (HRA) will be
69. Which of the following sections of Income Tax Act, 1961 defines the Annual Value?
70. Salary received by the manager of an agricultural farm 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 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 7
- Income Tax and Corporate Tax - Section 8
- Income Tax and Corporate Tax - Section 9
