Home

Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.

A. True

B. False

Correct Answer : A.


Download Objective type questions of Direct TAX PDF

Get all objective type questions of Direct TAX MCQ

Also checkout these categories

Digestive System MCQ Units, Dimensions and Errors MCQ Indian History MCQ Sentence Correction MCQ Rearrangement Set 12 MCQ Direct TAX MCQ Rearrangement Set 3 MCQ Wound Repair And Care MCQ Root Problem MCQ Rearrangement Set 1 MCQ Python Programming MCQ Rearrangement Set 7 MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..
You can do it
  1. TDS, in case of salary should be deposited within
  2. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  3. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  4. The rates of Income Tax are specified in
  5. Any receipt of casual and non-recurring nature is known as casual income
  6. Every employer should pay fringe benefit tax within
  7. Income of a minor will not be clubbed with his/her parent's income if
  8. PAN is necessary for the following assessees -
  9. The income of previous year of an assessee is taxed during the following assessment year
  10. The apex body of Income Tax Department. is
  11. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  12. Tax' is imposed on a person by
  13. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  14. Which of the following income is / are exempt from tax?
  15. The first income tax act was introduced in the year
  16. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  17. House Rent Allowance is exempt from tax
  18. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  19. Sec. 234A deals with
  20. Income Tax Act 1922 is a "milestone" because
  21. For a senior citizen the amount of deduction U/s 80D available is
  22. Contribution to superannuation fund is
  23. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  24. The CBDT consists of
  25. If a self occupied property is converted into HUF property without adequate consideration then
  26. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  27. Which one of the following taxes is not levied by the State Government?
  28. If both parents are earning then income of a minor child will be clubbed with
  29. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  30. When a person has paid the security transaction tax on transfer of equity shares he does not have to…