Direct TAX MCQ Question with Answer

Question No : 29
Income received or deemed to be received in India (whether accrued in or outside India) is taxable in case of

Question No : 30
The income of previous year of an assessee is taxed during the following assessment year

Question No : 31
The taxable Income computed should be rounded off to the nearest multiple of Rs.10.

Question No : 32
Any receipt of casual and non-recurring nature is known as casual income

Question No : 33
House Rent Allowance is exempt from tax

Question No : 34
When a person has paid the security transaction tax on transfer of equity shares he does not have to pay any tax on long term capital gain arising on transfer of that equity share.

Question No : 35
Expected Rent can be determined in the following way