MCQ ON PPI UNIT-II
LUCKNOW UNIVERSITY
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B.COM SEM VI
QUESTION 1 TO 14

QUESTION 14 TO 29

LUCKNOW UNIVERSITY
If You Have any Copyright Quary Please mail us: help@luupdate.com
B.COM SEM VI
QUESTION 1 TO 14

QUESTION 14 TO 29

UNIVERSITY OF LUCKNOW B.COM SEM VI Q1. Paid by Government of India to a Citizen of India for rendering services outside India is Exempt u/s 10(7). (a) Salary (b) Allowance& perquisites (c) Both (a) & (b) (d) None of the above. Q2. Government of India paid salary of Rs. 5 lacs & Allowances.perquisites of Rs….
B.COM SEM 6 UNIVERSITY OF LUCKNOW Q1. Parliament has the power to levy tax on incomes other than . Exempt Incomes Income of poor people Agricultural Income All incomes aretaxable Q2. A person includes . Individual & HUF Firm & Company AOP/BOI, LA, Every AJP All of the above. Q3. Association of persons consists 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 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…
B.COM SEM 6 UNIVERSITY OF LUCKNOW UNIT 2 MCQ BANK Q1. For the assessment year 2017-18 rebate under Section 87A is available in the case of the residential individual, if his taxable income is a.Rs. 3,00,000 or less. b.Rs. 4,00,000 or less. c.Rs. 5,00,000 or less. 2. If title of ownership of a house property…
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