Direct Tax
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Direct Tax
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25 Questions

1. Loss under the head house property can be carry forward to
2. Sec. 54 of the IT act deal with
3. Deductions out of gross salary under section 16 is/are _______.
4. Agriculture Income is __________
5. Monthly pension received by govt. employee is
6. Rent from a building let out for business purpose is __________ income
7. Apart from the Individual, Who will have three residential status?
8. Water bill issued in the name of employee but paid by employer is
9. What is the exempted limit while calculating salary under section 16 ia?
10. Exempted limit of HRA in non metropolitan cities is.
11. Rate of TDS for listed securities is
12. Which of the following income is not charged under the head Profits and Gains of business or profession?
13. _____________ is the current assessment year.
14. Maximum limit of amount which can be claimed as deductions under section 80C is ______.
15. Long term capital loss can be set off against
16. Remuneration paid to members of AOP is.
17. What is the maximum rate of tax for individual assessee?
18. _________ of pre-construction period interest is allowed as deduction u/s 24.
19. In case of let out property, the amount of deduction in respect of interest is _______.
20. Incomes absolutely exempt from Tax are listed under
21. Non speculation business loss can be carry forward to
22. Income of Non profit seeking educational institutions, financed by government, is exempt from Income tax if its annual receipts do not exceed.
23. Entertainment allowance is fully taxable allowance to _________.
24. Allowances of MP/M.L.A / or M.L.C are.
25. The highest Administrative Authority for Income Tax in India is.

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