Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum amount of
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For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
The first income tax act was introduced in the year
Tax' is imposed on a person by
If a self occupied property is converted into HUF property without adequate consideration then
Tax on fringe benefit has been introduced from the assessment year
Uncommuted pension received by a Government employee is fully exempt from tax.
The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
No interest is available if the amount of refund of income tax paid is less than
Expected Rent can be determined in the following way
PAN is necessary for the following assessees -
The aggregate amount of deductions under chapter VI-A can not exceed
Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
The Income Tax Act, which is still in force in India, was enforced in
The CBDT consists of
Every employer should pay fringe benefit tax within
Which of the following statements is incorrect?
Income Tax Act 1922 is a "milestone" because
The income of previous year of an assessee is taxed during the following assessment year
TDS, in case of salary should be deposited within
Assessment year 2006-07 commenced on
The Income Tax Act 1961 came into force on
The term "Person" includes
Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
If an assessee makes an absolute transfer of an asset without any consideration then any income from…
The amount of interest on borrowed capital allowable as deduction in case of a let out property is
Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
The rates of income tax are specified in
According to Section 2(7) of Income Tax Act "Assessee" means
If both parents are earning then income of a minor child will be clubbed with
Contribution to superannuation fund is
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