MCQ ON PPI UNIT-II

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…

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…

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…

BCOM SEM VI UNIVERSITY OF LUCKNOW Unit 4 Q1. A person includes . (a) Individual & HUF (b) Firm & Company (c) AOP/BOI, LA, Every AJP (d) All of the above. Q2. Notifications issued by CBDT are binding on . (a) Assessee (b) Income Tax Authority (c) Both of above (d) None of the above…

UNIVERSITY OF LUCKNOW B.COM SEM- VI Question 5 to 12 B.COM SEM VI UNIVERSITY OF LUCKNOW MCQ ON PPI

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….