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MCQ ON INCOME TAX LAW & ACCOUNTS
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…
MCQ ON INCOME TAX LAW & ACCOUNTS
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…
MCQ ON INCOME TAX LAW & ACCOUNTS
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…
MCQ ON Income Tax Law and Accounts(UNIT 1)
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…
MCQ ON Income Tax Law and Accounts(UNIT 3)
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…
MCQ ON Income Tax Law and Accounts(UNIT 4)
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….