MCQ ON PPI UNIT-III

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….

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…

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…

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…

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…