A. taxable under the head business or profession
B. taxable under the head income from other sources
C. taxable in the hands of employee
D. exempt from tax
✅ The correct answer is option A.
SSC
362. 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.
363. Tax deduction available to certain industries for the initial few years is called ……………………
A. tax holiday
B. tax exemption
C. tds
D. paye
✅ The correct answer is option A.
364. The cost of acquisition of bonus shares allotted on or after 1-4-1981 is ……………………..
A. fair market value of that shares on 1-4-1981
B. fair market value on the date of issue of shares
C. nil
D. none of these
✅ The correct answer is option C.
365. Speculation Loss can be carried forward for……………..
A. 8 years
B. 10years
C. 5years
D. 4years
✅ The correct answer is option D.
366. For claiming exemption u/s 54, the assessee should construct the residential property within …………………….
A. one year before or 2 years after the date of transfer
B. one year before or 3 years after the date of transfer
C. within 3 years after the date of transfer
D. within 2 years after the date of transfer.
✅ The correct answer is option C.
367. 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.
368. Interest n loan taken before 1-4-1999 for construction or repairs of self occupied house shall be deducted up to Rs: …………………………………
A. rs: 25,000
B. rs: 30,000
C. rs: 1,00,000
D. rs: 1,50,000
✅ The correct answer is option B.
369. 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.
370. 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.