UNIVERSITY OF LUCKNOW B.COM SEM VI PART 3 MCQ FROM (CHAPTER 13 TO 23) CH 13(CLUBBING OF INCOME AND DEEMED INCOME) (AGGREGATION OF INCOME) 1.Income of a minor child is included in the total income of: (A)Transferor of the asset (B)Father (C)Parent whose income is greater (D)None of these 2.Clubbing in case of transfer of…
UNIVERSITY OF LUCKNOW B.COM SEM VI PART 2 MCQ FROM( CHAPTER 7 TO 12) CH 7:( MCQ ON Income From House Property Rent ) 1.Deduction for other expenses except for interest in the computation of Income from House Property is allowable to the extent of: (A)1/5 of Annual Value (B)1/4 of Annual Value (C)30% of…
UNIVERSITY OF LUCKNOW B.COM SEM VI CHAPTER WISE I TO VI MCQ CH:1 (Mcq Income Tax Introduction And Important Definitions) Q1. When Income Tax was levied in India first time? (A)in 1860 (B)In 1866 (C)in 1918 (D)In 1961 2. Income-tax is: (A)a direct tax (B)an indirect Tax (C)business tax (D)none of these 3. Rate of…
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