Income tax act mcq

Websubject income tax objective questions income tax is levied on(a) monthly basis quarterly basis basis yearly basis income tax is payable on(a) earned income ... Elements Of commerce (Act 04105) Human Resource Management (MGMT3017) Energy Conversion 1 (EEE 303) ... Kotler Chapter 11 MCQ - Multiple choice questions with answers; Foley mark … WebMar 1, 1971 · As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year. A. current year: B. one year before previous year: C. previous year: D. none of the above: Answer» C. …

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WebUnder the Income-tax Act, 1961, 'notional profit' from speculative business is – Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of ... chubby trailer by radical design https://sillimanmassage.com

In accordance with the provisions of Section 17(1) of Income Tax Act …

WebNov 12, 2024 · Income Tax MCQs for UGC Net : Get access to the latest 50 Free MCQ'S on Income Tax prepared with NTA-UGC-NET Exams course curated by ugcnetpaper1. … WebMCQ Questions and Answers on Income Tax Act: Here learn most important objective questions and answers on income tax and test online. Set 1. Learn MCQ English. Set 2. … WebMar 8, 2024 · Get Goods and Services Tax (GST) Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. ... Wealth Tax, according to the Wealth Tax Act, 1957, ... Income tax is a direct tax that is paid to the government on the income of persons or corporations that are expected to pay taxes. designer for men\u0027s clothes

In accordance with the provisions of Section 17(1) of Income Tax Act …

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Income tax act mcq

100+ MCQs on Income From Salary, Income Tax MCQs 2024 - 23 …

WebIncome Tax MCQ with Answers PDF Guru Gobind Singh Indraprastha University income tax mcq with answers pdf basic concept (bold text answers) income tax is direct. ... Income tax act 1961 came in to force on A) 1st April 1960 B) … 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:

Income tax act mcq

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WebApr 3, 2024 · पाईये Income-tax उत्तर और विस्तृत समाधान के साथ MCQ प्रश्न। इन्हें मुफ्त में डाउनलोड करें Income-tax MCQ क्विज़ Pdf और अपनी आगामी परीक्षाओं जैसे बैंकिंग, SSC, रेलवे, UPSC, State PSC की ... WebMULTIPLE CHOICE QUESTIONS. Income Tax Act, 1961 came into force on: a. 1– 1 – 1961 b. 1– 4 – 1961 c. 1– 1 – 1962 d. 1– 4 – 1962. Income tax was levied in India first time in: a. 1960 b. 1860 c. 1921 d. 1961. The rate of income tax is fixed under: a. Income Tax Act b.

WebS u b -I n co me Tax Cl ass-Ty Bco m. MCQ -100 To tal Marks- 100 1. The Income tax Act extends to a) W h o l e o f i n d i a b) Whole of India except Jammu & Kashamir c) Whole of … WebThe income tax rate for short term capital gains specified in Sec.111A is: A. 10%. B. 15%. C. 20%. D. 30%.

Web42. The charging section of the Income-tax Act, 1961, states that the income earned in a year is taxable in the next year. This is known as _____ A. Principle of mutuality B. Previous year rule C. Financial year rule D. None of these. 43. Income-tax in India is charged at the rates prescribed by - A. The Finance Act of the assessment year B. WebNov 11, 2024 · Basic Concepts of Income Tax MCQ. MCQs on other topics of Taxation; Cost Accounting MCQs pdf ; 1. Income tax extends to ……………….. of India.

WebQuestions. Download PDF. 1 The period of 12 months commencing on the rt day of April every year is known as ____________ _. A Financial Year. B Assessment Year. C Previous …

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 … designer formal evening wearWebQuestion and answers in Income Tax Law and Practice, Income Tax Law and Practice multiple choice questions and answers, Income Tax Law and Practice Important MCQs, … designer formal winter coat womenWeb4 rows · Mar 6, 2024 · Get Income Tax Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. ... chubby t rexWeb3. 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 … designer form fitting swimsuits menWebA) Chargeable under the Wealth-tax Act, 1957 B) Not chargeable under the Income-tax C) Chargeable under section 17(3)(i) D) Chargeable under section 28(ii) (a). 169. DSK, an LLP had taken key man insurance policy on the life of its managing partner. chubby treeWebNov 23, 2024 · Income tax is a tax on –Income 75. The Income Tax Act, 1961 has 298 – Sections 6. MULTIPLE CHOICE QUESTIONS Subject- Direct Taxation 76. The _____ makes the amendment in the form of omissions, insertions and substitutions in the Income Tax Act. – Finance Act 77. The Income Tax Act extends to _____ of India – Whole India 78. chubby trending outfits fashion dressesWebFree download in PDF Income Tax General Knowledge Multiple Choice Questions(MCQs) and Answers. These Income Tax GK Quiz or General Awareness quiz objective questions … designer for photoshoot near me