Income tax act mcq
Web3. Income Tax Act 4. Net tax liability 5. Rate of tax 6. Finance minister 7. Parliament 8. Determination of total income (a) Income tax act (b) 1st April 1961 (c) Approves finance … Webmultiple choice questions and answers on income tax Questions Download PDF 1 Under the income- tax act, the incidence of taxation depends on........ A The citizenship of the tax …
Income tax act mcq
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WebIncome Tax objective Questions and Answers pdf download, Here learn quiz questions on Income Tax Act and download pdf 50 questions and online test. WebNov 12, 2024 · Question: Income tax is levied on those individuals Option 1: whose income is less than exempted limit in any previous year Option 2: whose income is more than …
WebIncome Tax MCQ Questions and Answers: Here learn quiz questions on Income Tax Act and download pdf 50 questions. Page: 6/7.
Web5. The Present Income Tax Act is known as: a. Income Tax Act,1922 b. Income Tax Act,1886 c. Income Tax Rule, 1962 d. Income Tax Act, 1961 6. The period of 12 months commencing on 1 st day of April every year is known as: a. The Previous Year b. The Accounting Year c. The Assessment Year d. The Financial Year 7. The definition of income is: WebMar 4, 2024 · The rate of TDS applicable for Assessment Year 2024-21 on payment of rent by an individual in excess of Rs. 50,000 per month under Section 1941B of Income Tax Act 1961 w.e.f. 01.06.2024 is 5%. Key Points. Section 194IB of the Income Tax Act is a provision that is enacted to ensure that TDS or Tax Deducted at Source is withheld on rental …
WebMar 1, 1971 · Question and answers in INCOME TAX ACT 1961, INCOME TAX ACT 1961 Multiple choice questions and answers, INCOME TAX ACT 1961 Important MCQs, Solved MCQs for INCOME TAX ACT 1961, INCOME TAX ACT 1961 MCQs with answers PDF …
WebNov 23, 2024 · This notes will cover MCQS OF DIRECT TAXATION. MCQS are designed for MBA Students. Sonal Patil Follow Assistant Professor Advertisement Advertisement Recommended Income from house property ppt Devansh Tiwari 88 views • 19 slides Exempted income under income tax act Altacit Global 27k views • 16 slides eagle picher in joplin moWebINCOME FROM HOUSE PROPERTY Set 1 Chapter: INCOME FROM HOUSE PROPERTY Solved MCQs in Business Taxation Chapters INCOME TAX ACT 1961 INCOME FROM SALARY INCOME FROM HOUSE PROPERTY CAPITAL GAIN ASSESSMENT OF VARIOUS ENTITIES MISCELLANEOUS COMPUTATION OF TOTAL TAXABLE INCOME OF AN … eagle picher joplinWebCA Final Direct Tax Laws –MCQ On Income Tax Rate &Basic Concept Of Income Tax D. 1st September, 2024 to 31st January, 2024 Income of business commenced on 1st March, 2024 will be assessed in assessment year- A. 2024- B. 2024- C. 2024- D. 2024- eaglepicher logoWebIncome Tax Act was passed in the year_____. Section 10 0f Income Tax Act deals with _____. Section 89 of the Income tax Act deals with ..... Income of political parties is not to be included in total income if certain conditions are satisfied. The relevant section of IT Act 1961 is. Rates of Income tax are fixed under ..... eagle picher headquartersWebJan 31, 2024 · 1) Income from a farm house. 2) Annual value of one palace in the occupation of an ex-ruler. 3) Property income of a local authority. 4) Property income of an approved scientific research association. 5) Property income of an educational institution and hospital. 6) Property income of a registered trade union. eagle picher ltc-16m-s2WebApr 3, 2024 · Income-tax Question 1: Which of the following rate of Income Tax under the new regime is not applicable as per the Finance Bill 2024? 15% 20% 25% 30% Answer … cslb renewal feeWebTaxation MCQs Q. A tax that takes a larger percentage from high-income earners than it does from low-income earners is called (A) proportional tax (B) progressive tax (C) regressive tax (D) suppressive tax The answer is: (B) progressive tax Q. Which from the following is NOT an indirect type of tax? (A) Income Tax (B) Sales Tax (C) Custom Tax cslb renewal application