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Income Tax Law & Practice-Commerce
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12 questions
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- Multiple ChoicePlease save your changes before editing any questions.
Which is a person under Income Tax Act, 1961?
Hindu Undivided Family
Firm
Association of Person/Body of Individuals
All of the Above
- Multiple ChoicePlease save your changes before editing any questions.
Income Tax Act came into force on:
April 1, 1961
April 1, 1962
April 1, 1869
None of the above
- Open EndedPlease save your changes before editing any questions.
Write the sources of Income Tax Law?
- Fill in the BlankPlease save your changes before editing any questions.
Residential Status does not mean
- Multiple ChoicePlease save your changes before editing any questions.
Gross Total Income includes
Income from Salaries
Income from House Property
Profit & Gains of Business or Profession
None of the above
- Multiple ChoicePlease save your changes before editing any questions.
What do you mean by Allowance?
Perks measured in terms of money
Dearness Allowance
HRA
Monetary Payments in addition to Salary
- Open EndedPlease save your changes before editing any questions.
What is Gross Annual Value?
- Multiple ChoicePlease save your changes before editing any questions.
Income of Minor Child u/s 10(32) is exempt upto?
Rs. 3000 per child
Rs. 2500 per Child
Rs. 1500 per child
Rs. 10000 per child
- Fill in the BlankPlease save your changes before editing any questions.
Dividend received from company is exempt u/s__________?
- PollPlease save your changes before editing any questions.
Do you think Salaried persons should be exempted from filing Income Tax Return for the AY 2020-21 imposed due to COVID19 pandemic?
Strongly Agree
Agree
Neutral
Disagree
Strongly Disagree
- Multiple ChoicePlease save your changes before editing any questions.
Gross Total Income - LTCG u/s 112- Deductions u/s 80C to 80U
Gross Total Income - STCG u/s 111A-LTCG u/s 112- Deductions u/s 80C to 80U
Gross Total Income - Deductions u/s 80C to 80U
None of the above
- Multiple ChoicePlease save your changes before editing any questions.
15%
5%
20%
30%