1. For claiming exemption u/s 54, the assessee should construct the residential property within ......................... A. One year before or 2 y…
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1. Contribution to RPF is deducted under section .................. A. Section 80C B. Section 80D C. Section 80E D. Section 80G …
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1. In respect of shares held as investment, while computing the capital gains, securities transaction tax paid in respect of sale of listed shares sold …
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1. Shares held for less than 12 months are...................... A. Short term capital asset. B. Long term capital asset. C. Exempted capital…
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1. The rate of tax that is leivable on STCG arising from transfer of Equity shares of a Company or units of an Equity oriented fund is A. 10% B. 5…
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1. Which one of the following is not an admissible expense A. Income tax B. Excise duty C. Bad debt D. Sales tax Click Here for A…
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1. Which of the following is exempted. A. C.C.A B. D.A C. Foreign Allowance D. Medical Allowance Click Here for Answer Answer - …
Read more1. The Universal Declaration of Human Rights, a landmark document was adopted by (a) UNO (b) UNICEF (c) UNESCO (d) International Court of Ju…
Read moreMCQs on Income Tax Act - 12
1. Which of the following is not a capital receipt? A. 'Salami' for settlement of Tenancy. B. Insurance claim received on machinery lost …
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