81. The exemption under section 54 shall be available:
82. Income tax was imposed for the first time in India
83. Which of the following statements are correct?
1. Provision made for sales tax is admissible deduction.
2. Wealth tax paid by a company is a deductible expense.
3. Contribution to a political party is a deductible expense.
Select the correct answer using the options given below
1. Provision made for sales tax is admissible deduction.
2. Wealth tax paid by a company is a deductible expense.
3. Contribution to a political party is a deductible expense.
Select the correct answer using the options given below
84. Under Section 271C of the Income Tax Act, 1961, the amount of penalty for failure to deduct tax at source is
85. Salary, bonus, commission or remuneration due or received by a working partner from the firm is taxable under the head
86. An assesse resides in his own house the valuation of which is Rs. 50 lakh and fair rent is Rs. 1 Lakh p.a. Annual value of house for the purpose of income tax will be:
87. Amount of deduction in case of a person with severe disability under section 80U will be:
88. The amount paid on account or repairs of current repairs shall not include any expenditure in the nature of
89. As per Section 288 A of Income Tax Act, the taxable income shall be rounded off to the nearest multiple of:
90. The basis of determination of total income of a person 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 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