491. Due date of filing of return by a non business assessee is……………….
A. 30th june.
B. 31st august.
C. 31st july.
D. 30th november.
✅ The correct answer is option C.
SSC
492. The rate of depreciation on intangible asset is ………………….
A. 5%
B. 15%
C. 20%
D. 25%
✅ The correct answer is option D.
493. Allowances of MP/M.L.A / or M.L.C are.
A. fully exempted.
B. fully taxable.
C. partly exempt
D.
✅ The correct answer is option A.
494. Deduction of tax at source made for incomes which can be calculated in advance is called…….
A. t.d.s.
B. p.a.s.
C. f.a.s.
D. m.a.s.
✅ The correct answer is option A.
495. Under Income Tax Act depreciation is allowed on ………………
A. purchase price
B. market price
C. w d v
D. face value
✅ The correct answer is option C.
496. Any payments made under and awards instituted by central or state Governments are…………..
A. fully exempted
B. fully taxable
C. partly exempt
D.
✅ The correct answer is option A.
497. The number allotted by income tax authorities to assessees for identification and which should be quoted in all documents and correspondence is…………………..
A. i.d. no.
B. register no.
C. permanent account number (pan).
D. licence no.
✅ The correct answer is option C.
498. Interest on capital paid by the firm to its partners is allowed up to ……………….
A. 6%
B. 12%
C. 15%
D. 16%
✅ The correct answer is option B.
499. Scholarship granted is……………….
A. fully exempted.
B. fully taxable.
C. partly exempt
D.
✅ The correct answer is option A.
500. Rates of Income tax are fixed under …………………..
A. an ordinance
B. the income tax act
C. the finance act
D. notification of cbdt
✅ The correct answer is option C.