PE MCQ BANK

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…

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….

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