A. taxable.
B. exempted.
C. partially exempt
D.
✅ The correct answer is option A.
Income Tax MCQs
……………… must be paid according to the provisions of “ Pay As You Earn” Scheme.
A. income tax
B. tds
C. advance tax
D. education cess
✅ The correct answer is option C.
The income from the sale of house hold furniture is ………………….
A. taxable income
B. exempted income
C. capital gain
D. business income
✅ The correct answer is option B.
Cost inflation rules for the purpose of long term capital gain has been notified by central government every year starting from the financial year………………
A. 1991-92.
B. 1985-86.
C. 1981-82.
D. 1975-76.
✅ The correct answer is option C.
According to section …………………… , TDS shall be payable during the financial year in respect of the total income of the assessee.
A. 206
B. 207
C. 208
D. 210
✅ The correct answer is option B.
Free food provided to employees is exempted upto …………………. per meal.
A. rs: 40
B. rs: 50
C. rs: 60
D. rs: 15
✅ The correct answer is option B.
Education cess for the A.Y is …………………………..
A. 3%
B. 5%
C. 10%
D. 15%
✅ The correct answer is option A.
Which of the following is exempted.
A. c.c.a
B. d.a
C. foreign allowance
D. medical allowance
✅ The correct answer is option C.
If STT is paid, then STCG tax on the transfer of capital asset is …………………………
A. 10%
B. 15%
C. 20%
D. 25%
✅ The correct answer is option B.
Technical know-how acquired after 1.4.98 is eligible for depreciation at……………
A. 10% p.a.
B. 20% p.a.
C. 25% p.a.
D. 40% p.a.
✅ The correct answer is option C.