A. rs: 30,000
B. rs: 50,000
C. rs: 75,000
D. actual expense.
✅ The correct answer is option B.
Which of the following is eligible for 100% deduction ?
A. national children fund
B. rajiv gandhi foundation
C. national sports fund
D. nehru memorial fund
✅ The correct answer is option C.
Section C applies on ……………….
A. individual and huf
B. co-operative society
C. firm
D. company
✅ The correct answer is option A.
Donation on PM’s National Relief Fund is deductible 100% out of the gross total income of the assessee, under section ……………………………..
A. 80c
B. 80cc
C. 80g
D. 80gg
✅ The correct answer is option C.
For the P.Y , 2012-13, the maximum permissible deduction under section 80C is …………..
A. rs: 80,000
B. rs: 1,00,000
C. rs: 2,00,000
D. 1,12,000
✅ The correct answer is option B.
The rate of surcharge on tax payable is ………………….% when taxable income is Rs: 5,57, 500.
A. 3%
B. 5%
C. 10%
D. nil
✅ The correct answer is option D.
The basic exemption up to which income is not taxable for an individual resident is …………..
A. rs: 1,00,000
B. rs: 2,00,000
C. rs: 5,00,000
D. none of the above
✅ The correct answer is option A.
STCL can be set off in the same assessment year from ………………………….
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.