A. interest on fixed deposit in bank.
B. winnings from cross word puzzles.
C. gift in excess of rs.50,000 from an unrelated person.
D. profit on sale of building.
✅ The correct answer is option D.
SSC MCQs
Income of Benami transactions shall be included in the income of …………………….
A. real owner
B. transferor
C. transferee
D. none of these
✅ The correct answer is option A.
For the P.Y , 2012-13, the maximum permissible deduction under section 80C is …………..
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 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.