Income Tax And Corporate Tax - Study Mode
[#756] Which of the following is related to self-assessment?
Correct Answer
(B) Section 140(A)
[#757] Determine the status of Banaras Hindu University (BHU):
Correct Answer
A local authority
[#758] According to Income Tax Act, 1961, Salary is defined to include: 1. Wages, Annuity, Pension, Gratuity 2. Fees, Commission, Perquisites, Profits in lieu of or in addition to Salary or Wages 3. Advance of Salary, Leave Encashment 4. Annual accretion to the balance of Recognized Provident Fund, transferred balance in Recognized Provident Fund 5. Contribution by Central Government or any other employer to Employees Pension Account as referred in Section 80CCD
Correct Answer
(D) All of the above
[#759] For up to which of the following amounts, an individual can claim a deduction for the insurance of self, spouse, and dependent children?
Correct Answer
(A) Rs. 25,000
[#760] Mr. A resident of Mumbai gets a salary of Rs. 10,000 per month and house rent allowance of Rs. 3,000 per month. He has paid rent of Rs. 4,000 per month. Taxable house rent allowance (HRA) will be
Correct Answer
(D) Zero