A. 80 c
B. 80 g
C. 80 e
D. 80 u
✅ The correct answer is option C.
Income of a minor child is exempted up to ……………………..
A. rs: 1,000
B. rs: 1,500
C. rs: 1,200
D. rs: 2,000
✅ The correct answer is option B.
Loss from business can be carried for …………………. years.
A. 6
B. 8
C. 12
D. 16
✅ The correct answer is option B.
Income of Benami transactions shall be included in the income of …………………….
A. real owner
B. transferor
C. transferee
D. none of these
✅ The correct answer is option A.
Dividend from an Indian company is ………………….
A. fully taxablbe
B. fully exempted
C. partly taxable
D. none of the above
✅ The correct answer is option B.
The amount received from URPF is ……………………..
A. taxable
B. exempted
C. exempted, subject to certain conditions
D. none of the above
✅ The correct answer is option A.
………………………. section deals with exempted incomes.
A. section 80
B. section 17
C. section 10
D. section 23
✅ The correct answer is option C.
There will be no partial integration, if the agricultural income does not exceed ……………………….
A. rs: 15,000
B. rs: 25,000
C. rs: 50,000
D. rs: 5,000
✅ The correct answer is option D.
Salary on which income tax is borne by the employer is called ………………………………
A. foregoing salary
B. tax free salary
C. tax holiday
D. none
✅ The correct answer is option B.
Secondary and higher education cess is charged at the rate of …………………….. of the amount of income tax.
A. 1%
B. 2%
C. 3%
D. 5%
✅ The correct answer is option A.