Which of the following rivers lies in a rift valley?
A. Luni
B. Chambal
C. Son
D. Tapi
✅ The correct answer is option D.
1. Section 89 of the Income tax Act deals with ………………………..
A. perquisites
B. arrears of salary income
C. allowances
D. profit in lieu of salary
✅ The correct answer is option B.
A firm shall pay tax on long term capital gain @ ……………………………
A. 15%
B. 20%
C. 25%
D. 30%
✅ The correct answer is option B.
Partnership firms are governed by the provisions of the Indian Partnership Act of ……………….
A. 1956
B. 1932
C. 1946
D. 1881
✅ The correct answer is option B.
A partnership firm will be assessed as firm if there is …………………….
A. an agreement
B. a written agreement
C. an oral agreement
D. none of the above.
✅ 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.
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.
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.
………………………. section deals with exempted incomes.
A. section 80
B. section 17
C. section 10
D. section 23
✅ The correct answer is option C.
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.