Income Tax And Corporate Tax - Study Mode
[#536] If any of income from house property is received in previous year, then it is chargeable to tax under lead
Correct Answer
(C) income from house property
[#537] Which of the following is not a punishable?
Correct Answer
(C) Both A and B
[#538] Exemption, under Sec. 54 F of the Income Tax Act, 1961, shall not be allowed if the assessee, on the date of transfer owns:
Correct Answer
(D) More than one residential house
[#539] Match the items of List I with the items of List-II and choose the correct answer: List-I (Types of Income) List-II (Heads of Income) a. Salary, bonus, commission etc received by a working partner from the firm 1. Income from other Sources b. Pension received by the widow of a government employee 2. Income from (short-term) Capital Gains c. Profits on the sale of machinery used in business 3. Income from Capital Gains d. Compensation received from the government on compulsory acquisition of land and profit earned 4. Income from Business and Profession 5. Income from Salaries
Correct Answer
(D) a-4, b-1, c-2, d-3
[#540] Section 80C provides for deduction in respect of tuition fee to . . . . . . . . children.
Correct Answer
(B) two