Income from other sources

Income from other sources

University

7 Qs

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Income from other sources

Income from other sources

Assessment

Quiz

Arts

University

Hard

Created by

Ragupathi P

Used 4+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the maximum amount of deduction from family pension is…..

A) 20,000

B) 15,000

C) 25,000

D) None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income from others sources may be includes

A) Indian company dividend

B) Dividend from units

C) Foreign company dividend

D) All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of dividend received from cooperative society is…..

A) Partly taxable

B) Exempted

C) Taxable

D) All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

income from others sources is u/s …..

A) 56

B) 57

C) 58

D) None of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not considered as Income from other sources?

a) Rental income from a house

b) Interest earned on bank deposit

c) Profits from business or profession

d) Income from lottery

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the tax rate for income earned from other sources?

a) Flat rate of 20%

b) Flat rate of 10%

c) As per the applicable slab rate

d) No tax is levied on such income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not included under Income from other sources?

a) Dividend income

b) Interest income on post office savings

c) Rental income from commercial property

d) Wages earned from employment