Filters
Question type
Study Flashcards

means fixed quantum of money given regularly in addition to salary to meet particular requirement


A) Allowance
B) Perquisites
C) pension
D) none of the above

E) None of the above
F) C) and D)

Correct Answer

verifed

verified

Full form of TDS


A) Tax deducted at source
B) Tax deducted for source
C) tax deducted by source
D) none of above

E) B) and D)
F) B) and C)

Correct Answer

verifed

verified

A

salary is chargeable to tax on


A) Receipt
B) due
C) Receipt or due whichever is earlier
D) none of the above

E) All of the above
F) A) and D)

Correct Answer

verifed

verified

Which of the allowances are fully taxable


A) Dearness allowance
B) Lunch allowance
C) Medical allowance
D) All of the above

E) B) and D)
F) A) and B)

Correct Answer

verifed

verified

which of the following are the basic condition to become resident of india


A) He must be in India for 182 days or more in relevent previous year
B) He must be in India for 60 days or more in Relevent Previous year AND In preceding 4 previous year he must be in
C) both a and b
D) none of the above

E) B) and C)
F) A) and B)

Correct Answer

verifed

verified

Capital LosseCan be carry forward up to next______________assessment years from the assessment year in which the loss was incurred


A) 8
B) 4
C) 2
D) 5

E) All of the above
F) B) and C)

Correct Answer

verifed

verified

A

It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.


A) House Rent allowance
B) Dearness allowance
C) both a and b
D) none of the above

E) B) and D)
F) A) and B)

Correct Answer

verifed

verified

An allowance to meet the expenses in connection with the rent of the house, by whatever name called


A) House Rent allowance
B) Perquisites
C) pension
D) none of the above

E) A) and D)
F) C) and D)

Correct Answer

verifed

verified

Salary should have relationship


A) employer employee
B) Master and servent
C) both a and b
D) none of the above

E) A) and C)
F) B) and D)

Correct Answer

verifed

verified

C

Arear on salary are taxable on             


A) Receipt
B) due
C) Receipt or due whichever is earlier
D) none of the above

E) None of the above
F) All of the above

Correct Answer

verifed

verified

profit or income of that particular year.


A) set off
B) carry forward
C) none of above
D) both of above

E) All of the above
F) A) and C)

Correct Answer

verifed

verified

Showing 1 - 11 of 11

Related Exams

Exam 1

Income Tax Laws in India

20 Questions

Show Answer