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Direct Tax Practice Test
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Direct Tax Practice Test
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25 Questions

1. Which of the following is a capital receipt?
2. Entertainment allowance is fully taxable allowance to _________.
3. Which one of the following is not an exempted income?
4. Deduction of tax at source made for incomes which can be calculated in advance is called.
5. Determination of taxable income and calculation of tax liability is known as
6. Dividends declared by Indian company are
7. Rate of TDS for casual incomes is ________.
8. Deductions out of net annual value is dealt in sec.c _______.
9. Under section 80E deduction out of total income is
10. In case of let out property, the amount of deduction in respect of interest is _______.
11. Receipt of amount on maturity of LIC Policy is.
12. CII for the financial year 2018-2019 is __________.
13. Allowances of MP/M.L.A / or M.L.C are.
14. Net annual value of self occupied house is
15. Annual value is dealt in section ______.
16. For tax deducted at source, employer issues to employee.
17. Share of listed company, which is held by an assessee for more than _________ months known as short term capital assets.
18. Tax Holiday is.
19. What are the residential status of an individual?
20. Which one of the following rental value is not considered for calculation of ERV?
21. Under the income- tax act, the incidence of taxation depends on
22. Incomes which specifically fall under any of the first four heads of income are included in _______.
23. Share of unlisted company, which is held by an assessee for more than _________ months known as short term capital assets.
24. Salary received by partner from firm is _________ income
25. Which one of the following is not general income u/s 56(1)?

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