In this post we will provide Objective Answer Type Question of Income Tax. And all the mcq question’s answer are given below this post. Income Tax or Taxation that is the subject of Bachelor of Commerce
इस पोस्ट में हम आयकर के वस्तुनिष्ठ उत्तर प्रकार प्रश्न प्रदान करेंगे। और सभी MCQ प्रश्न के उत्तर इस पोस्ट के नीचे दिए गए हैं। Income Tax या Taxation जो बैचलर ऑफ कॉमर्स का विषय है
DETERMINATION OF INCOME OF CERTAIN BUSINESS OR PROFESSION ON A PRESUMPTIVE BASIS
❖ OBJECTIVES :-
1. U/s 44AD who is not an eligible assessee?
a. Individual
b. Hindu undivided family
c. Partnership Firm
d. Limited liability partnership firm
2. Presumed percentage of the profit of an eligible business is:
a. 4%
b. 8%
c. 12%
d. 15%
3. Presumed income per month from plying of light goods vehicle is:
a. Rs. 3,000
b. Rs. 4,000
c. Rs. 7,5000
d. Rs. 6,000
4. If during the previous year the amount of insurance commission does not exceed Rs. 60,000 the maximum deduction for expenses shall be:
a. Rs. 15,000
b. Rs. 20,000
c. Rs. 25,000
d. Rs. 30,000
5. The total turnover limit of an eligible business is:
a. Rs. 40 lakhs
b. Rs. 50 lakhs
c. Rs. Two Crores
d. Rs. 80 lakhs
6. Sales limit under section 44AD:
a. Rs. 20 lakhs
b. Rs. 60 lakhs
c. RS. 80 lakhs
d. Rs. 2 Crores
7. U/s 44AE the provision of presumptive income is applicable if the assessee does not own more than…. Goods carriages at any time during the previous year.
a. 10
b. 12
c. 15
d. 20
[Ans. 1.(d), 2.(b), 3.(c), 4.(b), 5.(c), 6.(d), 7.(a).