mcq on income tax 2019-20 pdf, mcq on income tax 2020-21 pdf, income tax multiple choice questions pdf, income tax mcq 2020, tax mcq pdf, in case of tax free salary mcq, mcqs on income tax, Income Tax B.com Pattern.
Income tax notes for bcom in hindi, Bachelor of Commerce (B.Com) “A Bachelor of Commerce, commerce related quiz, commerce mcq, B.Com in short, is a bachelor’s degree in commerce and related disciplines. The course offers a wide range of managerial skills and understanding in streams such as finance, accounting, taxation. And is designed to provide a management chain.
It is a bachelor’s degree in commerce stream. B.com gives you extensive career opportunities like Accountant, Auditor, Tax Consultant etc. Most Bachelor of Commerce degrees have a duration of 3 years. B.Com means Bachelor of Commerce. commerce quiz questions and answers pdf, It is a three-year bachelor’s degree offered by various colleges and universities in India fybcom economics notes in marathi, income tax and auditing b com 2nd year, exempt income under section 10 pdf.
Start MCQs Questions :
income tax MCQ quiz is made up of two parts income tax law and practice a stem that identifies the question or problem, and a set of options or possible answers that contain a key that is the best answer to the question, exempted income pdf and several distractors. Which are laudable, direct tax examples in india but they have incorrect answers to the questions and answers of the taxation law examination income tax act in pdf.
Read More Articles :
- Indian Army Quiz Question Paper
- Indian Army Quiz Question Paper 2
- Police Bharti Quiz Question Paper
- SSC Income tax Quiz Question Paper
- Income tax Multiple Choice Quiz Questions
Income Tax MCQ : Income Tax B.com Pattern
- The value of concessional loans to employees is determined on the basis of lending rates
of ………………….. for the same purpose.- SBI
- RBI
- Central Government
- State Government
- Deduction from annual value is allowed under ……………..
- Section 24
- Section 25
- Section 27
- Section 28
- …………% standard deduction is allowed on annual value.
- 20
- 30
- 40
- 50
- For computation of Gross Annual Value, if actual rent is more than expected rent, then
we select the …………….- Actual rent
- Expected rent
- Any of the above
- None of the above
- Under the Income Tax Act, 1961, depreciation on machinery is charged on ………….
- Purchase price of the machinery
- Written down value of the machinery
- Market price of the machinery
- All of the above
mcqs on income tax : Income Tax B.com
- Income chargeable under the head ‘Profits and Gains from Business or Profession’ is covered under ………………
- Section 23
- Section 24
- Section 28
- Section 27
- The transfer of old movable assets will be tax-free if it is used for …………………
- 1 year
- 5 years
- 10 years
- 15 year
- …………………… are not treated as agricultural income.
- Income from poultry farming
- Income from bee heaving
- Purchase of standing crop
- All of the above
- Section 45 of Income Tax Act, 1961 is related to ……………….
- Capital assets
- Assets
- Capital expenses
- Capital gain
- Long-term Capital Loss can only be set off against ……………….
- Long-term capital loss
- Short-term capital loss
- Long-term capital gain
- All of the above
- Loss from speculation business cannot be set off against profit from any non- speculation business, however …………………
- Loss from non-speculative business can be set off against speculation income
- Loss from non-speculative business cannot be set off against speculation income
- Profit from non-speculative business can be set off against speculation income
- None of the above
- In Income Tax Act, 1961, deduction under sections 80C to 80U cannot exceed ………….
- Gross total income
- Total income
- Income from business or profession
- Income from house property
income tax multiple choice questions pdf :
- Gross interest = Net x 100/100 – rate of ……………
- Tax
- TDS
- Deduction
- Exempted
- Payment of LIC premium can be claimed as deduction u/s ……………..
- 80 C
- 80 CCC
- 80 D
- 80 DD
- Clubbing of income means ………………
- Addition income of two partners
- Inclusion of income of other person in assessee income
- Total of income of various heads
- Collection of income
- Minors income is clubbed to ……………
- Father ’ s income
- Mother ’s income
- Father’s income or mother’s income whichever is greater
- Both mother’s and father’s income
- As per Section 207, ………….. not having any income from business or profession is not liable to pay advance tax.
- A resident individual who is of the age of below 60 years
- A resident HUF
- A nonresident individual
- A resident senior citizen
- Generally, long-term capital gain is charged to tax @ …………… (plus surcharge and cess as applicable).
- 10%
- 15%
- 20%
- 30%
mcqs on income tax : Income Tax B.com Pattern
- Mr. Sharma contributed to a political party, he can avail deduction under …………….
- Section 80G
- Section 80GGB
- Section 80GGC
- Section 80GGD
- Rate of education cess on total income is ……………..
- 2%
- 3%
- 4%
- 0.3%
- Section 70-79 deals with ………………..
- Salary
- Capital gain
- Clubbing of income
- Set off and carry forward
- Income from horse race falls under the head ………………
- Salary
- Other sources
- Profession
- Business
- Deduction can be claimed for amount deposited under Suganya Samridhi Account
under ……………..- 80 CC
- 80 C
- 80 DD
- 80 D
- Deduction on interest on loan taken for studies fall under ………………
- 80 CC
- 80 C
- 80 E
- 80 D
- The amount of total income is rounded off to the nearest multiple of ………………
- Rs.100
- Rs.10
- Rs.5
- Rs.50
Read More Articles :
- Railway Group D Question paper
- Railway Group D Answer key 2020
- Police Bharti Answer key 2018
- Railway Group D/NCPT Answer key
- Indian Army General Duty Answer key
- Indian Army General Duty Hindi Paper
- Ind. Army General Duty Hindi Paper 2
- Indian Army General Duty Hindi Paper 3
- Indian Army General Female Simple Paper 1
- Ind. Army General Female Simple Paper 2
- Indian Army General Female Simple Paper 3