Income Tax And Corporate Tax - Study Mode
[#751] Which of the following investment or payments is not eligible for deduction u/s 80C of Income Tax Act 1961?
Correct Answer
(D) Life insurance premium paid on the life of sister
[#752] Which of the following item is exempt from Income tax that is otherwise paid on all other items?
Correct Answer
(A) Agricultural Income
[#753] Which of the following income is not chargeable under the head 'income from business and profession'?
Correct Answer
(C) Income from the activity of owning or owning and maintaining race horses
[#754] Interest under Section 201(1A) is payable by an assessee due to the following reason
Correct Answer
(D) defaults due to non-deduction tax at source
[#755] The return of income is to be furnished in:
Correct Answer
(D) ITR 1 to 7 (as the case may be)