A. 40%
B. 45%
C. 60%
D. 65%
✅ The correct answer is option D.
SSC MCQs
Under section 44AB the audit of accounts is compulsory if total sales exceed ……………………..
A. rs: 40 lakhs
B. rs: 50 lakhs
C. rs: one crore
D. rs: five crores
✅ The correct answer is option C.
Tax on short-term gain on sale of listed shares is…………….
A. 20%.
B. 25%.
C. 30%.
D. 15%.
✅ The correct answer is option D.
If S T T is paid, then LTCG tax on the transfer of listed equity shares is ………………..
A. 15%
B. 5%
C. 10%
D. nil
✅ The correct answer is option D.
Under valuation of opening stock is………………..
A. deducted from net profit.
B. added to net profit.
C. credited to p & l a/c
D. none of these.
✅ The correct answer is option A.
Which one of the following is not an admissible expense
A. income tax
B. excise duty
C. bad debt
D. sales tax
✅ The correct answer is option A.
The non-taxable income for the woman assessee is ……………………………
A. rs: 1,00,000
B. rs: 1,90,000
C. rs: 2,50,000
D. rs: 3,00,000
✅ The correct answer is option B.
Bad debts allowed earlier and recovered latter on is………………..
A. business income.
B. non business income.
C. exempted income.
D. income from other sources.
✅ The correct answer is option A.
Exemption u/s 54 is allowed when a residential house is sold and the investment is made in ………………………..
A. another residential house.
B. land.
C. shares.
D. jewellery.
✅ The correct answer is option A.
The rate of surcharge payable on tax for the A.Y. 2013-14 is ………………….
A. 5%
B. 10%
C. 3%
D. nil
✅ The correct answer is option D.