Income tax act mcq
WebMar 1, 1971 · Question and answers in INCOME TAX ACT 1961, INCOME TAX ACT 1961 Multiple choice questions and answers, INCOME TAX ACT 1961 Important MCQs, Solved MCQs for INCOME TAX ACT 1961, INCOME TAX ACT 1961 MCQs with answers PDF … 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 …
Income tax act mcq
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WebIncome Tax MCQ Questions and Answers: Here learn quiz questions on Income Tax Act and download pdf 50 questions. Page: 6/7. WebNov 12, 2024 · Question: Income which accrue or arise outside India from a business controlled from India is taxable in case of Option 1: resident only Option 2: both ordinarily resident and non ordinarily resident Option 3: non-resident Option 4: All of the above Answer: B
WebNov 12, 2024 · Question: Income tax is levied on those individuals Option 1: whose income is less than exempted limit in any previous year Option 2: whose income is more than …
WebJan 31, 2024 · Income tax Multiple Choice Questions (MCQs) with answers Assessment Year 2024 – 23 (Previous year 2024 – 22) In this page you get Income Tax MCQs with … WebTaxation MCQs Q. A tax that takes a larger percentage from high-income earners than it does from low-income earners is called (A) proportional tax (B) progressive tax (C) regressive tax (D) suppressive tax The answer is: (B) progressive tax Q. Which from the following is NOT an indirect type of tax? (A) Income Tax (B) Sales Tax (C) Custom Tax
WebJan 31, 2024 · Income Tax MCQs Multiple Choice Questions with Answers (2024 – 23) Choose the Correct Options 1. Income from salary includes: a) Basic payments b) Allowances c) Perquisites d) All of the above Ans: d) All of the above 2. Which of the following components of salary is fully taxable? a) Overtime payments b) Bonus c) …
WebIncome Tax MCQ Questions and Answers, Here learn quiz questions on Income Tax Act and download pdf 50 questions and online test. Toggle navigation Study 2 Online. Home; CCC; Tally; GK in Hindi Study Material Income Tax Act MCQ - English . Set 1 Set 2 Set 3 GK in Hindi. Indian Politics; ontrack media \u0026 entertainment incWebUnder the Income-tax Act, 1961, dividend derived from the shares held as stock-in-trade aretaxable under head – A. Income from other sources B. Income from profits and gains of business or profession C. Capital gains D. Either capital gains or income from profits and gains of business or profession 151. on track mathsWebb. 12% tax payable if total income exceeds ` 10 lakhs c. 12% of tax payable if total income exceeds ` 50 lakhs d. 10% of tax payable if total income exceeds ` 50 lakhs does not … ontrack maryland family services incWebApr 3, 2024 · Income-tax Question 1: Which of the following rate of Income Tax under the new regime is not applicable as per the Finance Bill 2024? 15% 20% 25% 30% Answer … on track media llcWebMCQ Questions and Answers on Income Tax Act Home Income Tax Act MCQ Questions and Answers on Income Tax Act: Here learn most important objective questions and … ontrack medicalWebIncome Tax MCQ with Answers PDF. Basic concept. (Bold Text = Answers) Income tax is aA) Direct taxB) Indirect taxC) Total taxD) Danger tax. Sambalpur university is a A) Local … on track medlineWebCA Final Direct Tax Laws –MCQ On Income Tax Rate &Basic Concept Of Income Tax D. 1st September, 2024 to 31st January, 2024 Income of business commenced on 1st March, 2024 will be assessed in assessment year- A. 2024- B. 2024- C. 2024- D. 2024- ontrack maths