Taxation 3
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45.
Any loans or deposits borrowed or repaid under section 269SS of the Act provides that the said provisions will not apply to the loans or deposits accepted by :Government Government company Banking company including cooperative bank and post office savings bank Insurance company 49. Any amount paid by an individual as tuition fees to any educational institution in India for the purpose of full time education of the individual's children. The maximum allowable limit is :Rs. 12,000 per child per annum Subject to the maximum of two children. Rs.10,000 per child per annum Subject to the maximum of three children.
50.
Combined total of five heads of income equals :Gross total income Gross taxable income Net income Tax amount LIST OF ATTEMPTED QUESTIONS AND ANSWERS (Taxation_3) 200404214( Manpreet Malhotra)
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Construction is completed in 3 years Multiple Choice Single Answer Question The return of income required to be filed in the form by the Non-Corporate Assessee not claiming the exemption under the provisions of section 11 of the Act and not having income from business and profession is :Correct Answer Form No. 3 or 2D(saral) Multiple Choice Single Answer Question Salary paid by any partnership firm to its working partners is taxable as :Correct Answer True/False Question Correct Answer
Income from Business and Profession The payments made u/s 43B of the Income Tax Act are allowed as deductions only if they are actually paid. True
Match The Following Question
Correct Answer
Your Answer
Containers made of glass or plastic Rate of depreciation is 40% used as refills All intangible assets like Patents, Rate of depreciation is 25% Trademarks, Copy Rights, Licenses etc. Temporary Structures Rate of depreciation is 100%
Rate of depreciation is 40%
Computers
Rate of depreciation is 60%
Select The Blank Question Correct Answer Select The Blank Question Correct Answer
Rate of depreciation is 60%
Rate of depreciation is 25% Rate of depreciation is 100%
Deduction for remuneration from foreign sources for professors, teachers etc under Section 80R is limited to ________% of such remuneration brought in India. 15 If the asset sold or transferred by the employer to employee is in the form of computers an electronic items, the wear and tear will be calculated @ ________ %. 50 Your Answer 20
2
Any loans or deposits borrowed or repaid under section 269SS of the Act provides that the said provisions will not apply to the loans or deposits accepted by :Government Government company Banking company including cooperative bank and post office savings bank Insurance company 49. Any amount paid by an individual as tuition fees to any educational institution in India for the purpose of full time education of the individual's children. The maximum allowable limit is :Rs. 12,000 per child per annum Subject to the maximum of two children. Rs.10,000 per child per annum Subject to the maximum of three children.
50.
Combined total of five heads of income equals :Gross total income Gross taxable income Net income Tax amount LIST OF ATTEMPTED QUESTIONS AND ANSWERS (Taxation_3) 200404214( Manpreet Malhotra)
1
Construction is completed in 3 years Multiple Choice Single Answer Question The return of income required to be filed in the form by the Non-Corporate Assessee not claiming the exemption under the provisions of section 11 of the Act and not having income from business and profession is :Correct Answer Form No. 3 or 2D(saral) Multiple Choice Single Answer Question Salary paid by any partnership firm to its working partners is taxable as :Correct Answer True/False Question Correct Answer
Income from Business and Profession The payments made u/s 43B of the Income Tax Act are allowed as deductions only if they are actually paid. True
Match The Following Question
Correct Answer
Your Answer
Containers made of glass or plastic Rate of depreciation is 40% used as refills All intangible assets like Patents, Rate of depreciation is 25% Trademarks, Copy Rights, Licenses etc. Temporary Structures Rate of depreciation is 100%
Rate of depreciation is 40%
Computers
Rate of depreciation is 60%
Select The Blank Question Correct Answer Select The Blank Question Correct Answer
Rate of depreciation is 60%
Rate of depreciation is 25% Rate of depreciation is 100%
Deduction for remuneration from foreign sources for professors, teachers etc under Section 80R is limited to ________% of such remuneration brought in India. 15 If the asset sold or transferred by the employer to employee is in the form of computers an electronic items, the wear and tear will be calculated @ ________ %. 50 Your Answer 20
2
