A. stcg
B. ltcg
C. both
D. not possible
✅ The correct answer is option C.
Maximum amount of deduction allowable under section 80CCF is ………………….
A. rs: 10,000
B. rs: 20,000
C. rs: 25,000
D. rs: 1,00,000
✅ The correct answer is option B.
Maximum Marginal Rate for the current A.Y. ( 2013-14) is …………………………….
A. 25%
B. 20%
C. 30%
D. 35%
✅ The correct answer is option C.
Interest n loan taken before 1-4-1999 for construction or repairs of self occupied house shall be deducted up to Rs: …………………………………
A. rs: 25,000
B. rs: 30,000
C. rs: 1,00,000
D. rs: 1,50,000
✅ The correct answer is option B.
For claiming exemption u/s 54, the assessee should construct the residential property within …………………….
A. one year before or 2 years after the date of transfer
B. one year before or 3 years after the date of transfer
C. within 3 years after the date of transfer
D. within 2 years after the date of transfer.
✅ The correct answer is option C.
The cost of acquisition of bonus shares allotted on or after 1-4-1981 is ……………………..
A. fair market value of that shares on 1-4-1981
B. fair market value on the date of issue of shares
C. nil
D. none of these
✅ The correct answer is option C.
Any some received under key man insurance policy taken on the life of the employee shall be ……………………..
A. taxable under the head business or profession
B. taxable under the head income from other sources
C. taxable in the hands of employee
D. exempt from tax
✅ The correct answer is option A.
The rent fixed as per municipal valuation is called ……………………….
A. municipal value
B. fair rental value
C. standard rent
D. actual rent
✅ The correct answer is option A.
Rent free accommodation is an example for ……………………………….
A. allowance
B. compensation
C. perquisite
D. profit in lieu of salary.
✅ The correct answer is option C.
The amount deductible for severe disability u/s 80U is ……………………..
A. rs: 1,00,000
B. rs: 1,20,000
C. rs: 50,000
D. rs: 90,000
✅ The correct answer is option A.