Direct Tax
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Direct Tax
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25 Questions

1. Any payment made to discharge a revenue liability, if refunded later on, shall be.
2. Deduction of tax at source made for incomes which can be calculated in advance is called.
3. Expressly allowed deduction are dealt in
4. Exempted limit of HRA in non metropolitan cities is.
5. Profit on sale of long term capital asset is
6. Determination of taxable income and calculation of tax liability is known as
7. Maximum limit of amount which can be claimed as deductions under section 80C is ______.
8. What are the residential status of an individual?
9. Which one of the following is not general income u/s 56(1)?
10. one of the basic conditions under residential Status _____days
11. Allowances of MP/M.L.A / or M.L.C are.
12. Which one of the following is not an exempted income?
13. Deductions under section 80C is allowable for
14. Which one of the following rental value is not considered for calculation of ERV?
15. Remuneration paid to members of AOP is.
16. Agriculture Income is __________
17. A weighted deduction of ______ % is allowed under sec. 35(2AA) in respect of contribution to National Laboratory.
18. Rent paid to a partner by a PFAF is.
19. In case of Tax free salary.
20. Which one of the following is/ are features of income tax?
21. _____________ is the current assessment year.
22. Deduction under 80G is allowed to _______.
23. Which of the following income is not charged under the head Profits and Gains of business or profession?
24. Incomes absolutely exempt from Tax are listed under
25. House rent allowances is _________

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