Income tax act mcq

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August undefined, 2024

WebMar 1, 1971 · As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year. A. current year: B. one year before previous year: C. previous year: D. none of the above: Answer» C. … http://www.jmpcollege.org/Adminpanel/AdminUpload/Studymaterial/TYBMS%20SEM%20V%20D%20TAX%20ATKT%20STUDY%20MATERIAL.pdf

INCOME FROM HOUSE PROPERTY Solved MCQs with PDF …

WebIncome Tax MCQ Questions and Answers: Here learn quiz questions on Income Tax Act and download pdf 50 questions. Test Your Answer Click Option Button Page: 2/7 WebCA Final Direct Tax Laws –MCQ On Income Tax Rate &Basic Concept Of Income Tax D. 1st September, 2024 to 31st January, 2024 Income of business commenced on 1st March, 2024 will be assessed in assessment year- A. 2024- B. 2024- C. 2024- D. 2024- higher external locus of control

Basic Concepts of Income Tax – CS Executive Tax Laws MCQ

Websubject income tax objective questions income tax is levied on(a) monthly basis quarterly basis basis yearly basis income tax is payable on(a) earned income ... Elements Of commerce (Act 04105) Human Resource Management (MGMT3017) Energy Conversion 1 (EEE 303) ... Kotler Chapter 11 MCQ - Multiple choice questions with answers; Foley mark … WebJul 1, 2024 · Q47. Various income tax authority defined under section: A. 116. B 115. C. 114. D.118. 48. The provision regarding income tax authority appointmented by central government under section: A. 116. B. 115. C. 117. D. 119. 49. Circulars and Notifications are binding on the. Central Board of Direct Taxes (CBOT) Assessee; Income Tax Appellate ... WebIncome Tax MCQ with Answers PDF Guru Gobind Singh Indraprastha University income tax mcq with answers pdf basic concept (bold text answers) income tax is direct. ... Income tax act 1961 came in to force on A) 1st April 1960 B) … higher fashion and textiles specimen paper

Income Tax - GK Multiple Choice Questions(MCQs) and Answers

Income tax act mcq

a) Prime Minister b) Finance Minister To tal Marks- 100 Cl ass …

WebFree download in PDF Income Tax General Knowledge Multiple Choice Questions(MCQs) and Answers. These Income Tax GK Quiz or General Awareness quiz objective questions … WebA) Chargeable under the Wealth-tax Act, 1957 B) Not chargeable under the Income-tax C) Chargeable under section 17(3)(i) D) Chargeable under section 28(ii) (a). 169. DSK, an LLP had taken key man insurance policy on the life of its managing partner.

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WebNov 11, 2024 · Basic Concepts of Income Tax MCQ. MCQs on other topics of Taxation; Cost Accounting MCQs pdf ; 1. Income tax extends to ……………….. of India. http://jmpcollege.org/downloads/Introduction_and_Definitions.pdf

WebIncome Tax MCQ with Answers PDF Guru Gobind Singh Indraprastha University income tax mcq with answers pdf basic concept (bold text answers) income tax is direct. ... Income … Web5. The Present Income Tax Act is known as: a. Income Tax Act,1922 b. Income Tax Act,1886 c. Income Tax Rule, 1962 d. Income Tax Act, 1961 6. The period of 12 months …

WebS u b -I n co me Tax Cl ass-Ty Bco m. MCQ -100 To tal Marks- 100 1. The Income tax Act extends to a) W h o l e o f i n d i a b) Whole of India except Jammu & Kashamir c) Whole of … WebMar 4, 2024 · The rate of TDS applicable for Assessment Year 2024-21 on payment of rent by an individual in excess of Rs. 50,000 per month under Section 1941B of Income Tax Act 1961 w.e.f. 01.06.2024 is 5%. Key Points. Section 194IB of the Income Tax Act is a provision that is enacted to ensure that TDS or Tax Deducted at Source is withheld on rental …

WebQuestions. Download PDF. 1 The period of 12 months commencing on the rt day of April every year is known as ____________ _. A Financial Year. B Assessment Year. C Previous …

WebNov 10, 2024 · Income Tax Law and Practice MCQ for those who are preparing the income tax exam .Here I have given Income Tax MCQ with Answers Pdf 2024 also. ... Income tax … how fast will a f1 car goWebApr 3, 2024 · Income-tax Question 2 Detailed Solution. The correct answer is ₹25,000, ₹7,00,000. Key Points Rebate under section 87A: In order to provide tax relief to the … how fast will 6 hp motor push 14 ft boatWebNov 23, 2024 · Income tax is a tax on –Income 75. The Income Tax Act, 1961 has 298 – Sections 6. MULTIPLE CHOICE QUESTIONS Subject- Direct Taxation 76. The _____ makes the amendment in the form of omissions, insertions and substitutions in the Income Tax Act. – Finance Act 77. The Income Tax Act extends to _____ of India – Whole India 78. higher fashion past paperWeb3. Income Tax Act 4. Net tax liability 5. Rate of tax 6. Finance minister 7. Parliament 8. Determination of total income (a) Income tax act (b) 1st April 1961 (c) Approves finance … how fast will a cfmoto 600 goWebJan 31, 2024 · 8. 25+ Income Tax Deductions MCQs (80C to 80 U), Income Tax MCQs 2024 – 23 [Free PDF] 12. List out partly exempted allowance. 13. Salary paid by an employer out of capital will be: a) A revenue receipt in the hands of employee. b) A capital receipt in the hands of employee. c) A casual receipt. d) None of the above. how fast were ww1 planesWebMULTIPLE CHOICE QUESTIONS. Income Tax Act, 1961 came into force on: a. 1– 1 – 1961 b. 1– 4 – 1961 c. 1– 1 – 1962 d. 1– 4 – 1962. Income tax was levied in India first time in: a. 1960 b. 1860 c. 1921 d. 1961. The rate of income tax is fixed under: a. Income Tax Act b. higher fashion sqaWebUnder the Income-tax Act, 1961, 'notional profit' from speculative business is – Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of ... higher farm dowlish wake