A. dividend from co-operative society.
B. dividend from foreign company.
C. dividend from domestic company.
D. winnings from lottery.
✅ The correct answer is option C.
Dividends from co-operative society are……………………
A. exempted.
B. taxable.
C. partially exempt
D. d. partially taxable.
✅ The correct answer is option B.
Grossing up of interest on securities is required when……………….
A. interest is received after t.d.s.
B. they are central govt. securities.
C. the interest on bank deposit is less than rs. 10,000.
D. none of these.
✅ The correct answer is option A.
Tax is reduced from casual incomes at………………..
A. 10% + surcharge and cesses.
B. 20% + surcharge and cesses.
C. 30%.
D. none of these.
✅ The correct answer is option C.
Interest on Bank Term Deposits is subject to tax deduction at source if the interest amount during the relevant previous year exceeds…………….
A. rs: 2,000.
B. rs: 5,000.
C. rs: 10,000.
D. rs: 30,000.
✅ The correct answer is option C.
Rate of T.D.S for unlisted securities, including cesses is……………..
A. 10.6%.
B. 15.6%.
C. 10%.
D. 30.6%.
✅ The correct answer is option C.
Speculation Loss can be carried forward for……………..
A. 8 years
B. 10years
C. 5years
D. 4years
✅ The correct answer is option D.
Which of the following is not a capital asset.
A. stock in trade
B. goodwill
C. agricultural land in mumbai
D. jewellary
✅ The correct answer is option A.
A partnership firm sold a residential house. The firm will get exemption under section ……………….. on capital gains.
A. sec. 54d
B. s
C. 54e c. sec. 54c
D. sec. 54ec
✅ The correct answer is option D.
Income of a minor child is included in the total income of ………………………
A. father
B. mother
C. parent whose income is greater
D. transferor of asset
✅ The correct answer is option C.