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Income Tax Law And Practice
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Income Tax Law And Practice
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25 Questions

1. The income from the sale of house hold furniture is ......................
2. Salary received by the manager of an agricultural farm is .................................
3. Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .........................
4. Salary paid by an Indian company to its employees working in one of its branches outside India is................................
5. Which of the following is not a capital expense?
6. The CII for the financial year 2012-13 is ..........................
7. An individual who wants to be resident of India must stay in India for at least................
8. Hostel expenditure allowance is exempted up to..................
9. residential status is determined for......................
10. Employers contribution to RPF is exempted up to...................
11. Medical reimbursement is exempt upto .................. if treatment is done in a private hospital.
12. Education cess on tax payable is at.
13. Unabsorbed capital expenditure on scientific research can be carried forward for...............
14. Income accrued and received outside India is taxable in the hands of...........................
15. Contribution made to an approved research association is eligible for deduction up to.................
16. Preliminary expenses shall be allowed as deduction in...............
17. Exempted limit of HRA in metropolitan cities is.
18. Income tax is a ........................
19. An employee is deemed as specified employee if he is a director in the company or has substantial in the company or his chargeable salary per annum exceeds.
20. Income Tax Authorities are grouped into two main wings Administrative and.................
21. House property held for less than 36 months is........................
22. The number allotted by income tax authorities to assessees for identification and which should be quoted in all documents and correspondence is.......................
23. The periodic payment of money for the past service is known as ........................
24. How many heads of income are there to compute Gross total income.
25. A Perk is.........................

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