A. rs: 80,000
B. rs: 1,00,000
C. rs: 2,00,000
D. 1,12,000
✅ The correct answer is option B.
Income Tax MCQs
Income from other sources is a……………..
A. residuary head of income.
B. major head of income.
C. income from a single source.
D. constant and regular income.
✅ The correct answer is option A.
Loss from business can be carried for …………………. years.
A. 6
B. 8
C. 12
D. 16
✅ The correct answer is option B.
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.
Tax on long term capital gain is………………
A. 10%.
B. 20%.
C. 30%.
D. 25%.
✅ The correct answer is option B.
Income of a minor child is exempted up to ……………………..
A. rs: 1,000
B. rs: 1,500
C. rs: 1,200
D. rs: 2,000
✅ The correct answer is option B.
Section C applies on ……………….
A. individual and huf
B. co-operative society
C. firm
D. company
✅ The correct answer is option A.
The maximum amount deductible u/s 80GG in respect of rent paid is ……………………
A. rs: 10,000
B. rs: 12,000
C. rs: 20,000
D. rs: 24,000
✅ The correct answer is option D.
When a loan is taken for the education of a child, the father is entitled to deduction u/s ……………………..
A. 80 c
B. 80 g
C. 80 e
D. 80 u
✅ The correct answer is option C.
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.