Direct Tax
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Direct Tax
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25 Questions

1. Capital expenditure on scientific research which cannot be absorbed on account of insufficiency of profit in any accounting year can be carried forward for.
2. Advance tax should be paid during a financial year if such advance tax payable by the assessee exceeds.
3. What is the notified limit for calculation of exemption of gratuity?
4. What is not included in capital asset?
5. Rate of TDS for casual incomes is ________.
6. Which of the following is taxable in the hands of specified employee only?
7. _____________ is the current assessment year.
8. Contribution of provident fund by employer is exempted upto ____ of Salary.
9. one of the basic conditions under residential Status _____days
10. A senior citizen female assessee can claim deduction u/s 80u upto.
11. Share of income from firm is.
12. Contributions into Public Provident Fund (PPF) are repayable after
13. What is the exempted limit while calculating salary under section 16 ia?
14. Non speculation business loss can be carry forward to
15. Definition of Assessment year is given in sec. ____________.
16. Residential status of an assessee is ascertained as per the provisions of.
17. Share of profits from PFAF of a partner is.
18. Under the income- tax act, the incidence of taxation depends on
19. Deductions out of net annual value is dealt in sec.c _______.
20. What is the exemption limit for children education allowance?
21. Share of income received from AOP is entitled to rebate at.
22. Embezzlement of cash in a money lending business shall be treated as.
23. Dividends declared by Indian company are
24. Sec. 54 of the IT act deal with
25. Integration of agricultural income with non agricultural income is done if net agricultural income exceeds

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