A. 50%.
B. 80%.
C. 100%.
D. 125%.
✅ The correct answer is option D.
Unabsorbed capital expenditure on scientific research can be carried forward for……………
A. 15 years.
B. 14 years.
C. 8 years.
D. 10
✅ The correct answer is option C.
Medical reimbursement is exempt up to ……………… if treatment is done in a private hospital.
A. rs: 5,000
B. rs: 10,000
C. rs: 15,000
D. rs: 50,000
✅ The correct answer is option C.
Excise duty and sales tax are allowed as deduction if paid before………………….
A. late date of filing of return.
B. previous year end.
C. before 31 st december of the previous year.
D. after 31 st december of previous year.
✅ The correct answer is option A.
Technical know-how acquired after 1.4.98 is eligible for depreciation at……………
A. 10% p.a.
B. 20% p.a.
C. 25% p.a.
D. 40% p.a.
✅ The correct answer is option C.
Which of the following is exempted.
A. c.c.a
B. d.a
C. foreign allowance
D. medical allowance
✅ The correct answer is option C.
Free food provided to employees is exempted upto …………………. per meal.
A. rs: 40
B. rs: 50
C. rs: 60
D. rs: 15
✅ The correct answer is option B.
The income from the sale of house hold furniture is ………………….
A. taxable income
B. exempted income
C. capital gain
D. business income
✅ The correct answer is option B.
Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of …………………….
A. 1/5th of annual value
B. 30% of annual value
C. 25% of annual value
D. 20% of annual value
✅ The correct answer is option B.
Preliminary expenses shall be allowed as deduction in……………
A. 5 instalments.
B. 10 instalments.
C. 15 instalments
D. 12 instalments.
✅ The correct answer is option A.