INCOME FROM OTHER SOURCES MCQ : Taxation most important objective type question, income tax objective question answer, income tax mcq
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
I N C O M E F R O M O T H E R S O U R C E S
1. Which of the following is not chargeable to tax under the head ‘Income from other Sources’:
a. Dividend from a Co-operative society
b. Prize on Crossword puzzles
c. Profit on the sale of the goodwill of a business
d. Interest from Bank
2. An individual received family pension Rs. 60,000. How much standard deduction shall be allowed to him:
a. Rs. 20,000
b. Rs. 25,000
c. Rs. 40,000
d. Rs.15,000
3. Under which head the pension is taxable:
a. Salaries
b. Income from other sources
c. Capital gains
d. None of these
4. Income from sub-letting of House Property is:
a. Income from Other Sources
b. Property income
c. Exempted
d. Capital Gains
5. Salary of a M.P. will be taxable under the head:
a. Salaries
b. Profits from business & profession
c. capital gains
d. Income from Other sources
6. The deduction allowable in respect of family pension taxable under “Income from Other Sources” is:
a. 33 % of the pension
b. 30 % of the pension or Rs.15, 000, whichever is less
c. 33 % of the pension or Rs.15,000, whichever is less
d. NIL
[Ans. 1. (c), 2. (d), 3.(a), 4.(a), 5.(d), 6.(c).income-from-other-sources-mcq
