Home

The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get a deduction of Rs.30, 000 under sections 80C to 80U.His Gross Total Income and Net Total income are

A. Rs.150000 & 30000 respectively

B. Rs.150000 & 120000 respectively

C. Rs.120000 & 30000 respectively

D. None of the above.

You can do it
  1. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  2. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  3. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  4. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  5. A company is considered to be resident if
  6. According to Section 2(7) of Income Tax Act "Assessee" means
  7. Income Tax Act 1922 is a "milestone" because
  8. Which of the following statements is incorrect?
  9. Sec. 234A deals with
  10. If a self occupied property is converted into HUF property without adequate consideration then
  11. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  12. Assessment year 2006-07 commenced on
  13. Contribution to superannuation fund is
  14. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  15. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  16. Tax' is imposed on a person by
  17. For a senior citizen the amount of deduction U/s 80D available is
  18. The apex body of Income Tax Department. is
  19. Uncommuted pension received by a Government employee is fully exempt from tax.
  20. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  21. Income of a minor will not be clubbed with his/her parent's income if
  22. The Income Tax Act, which is still in force in India, was enforced in
  23. Which of the following income is / are exempt from tax?
  24. Tax on fringe benefit has been introduced from the assessment year
  25. Every employer should pay fringe benefit tax within
  26. The aggregate amount of deductions under chapter VI-A can not exceed
  27. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  28. Expected Rent can be determined in the following way
  29. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  30. Any receipt of casual and non-recurring nature is known as casual income