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Income Tax Law & Practice-II (Income from other sources)

Authored by A Jegadishkumar

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University

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Income Tax Law & Practice-II (Income from other sources)
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tax is reduced from casual incomes at.................... 

A. 10% + surcharge and cesses.

B. 20% + surcharge and cesses.

C. 30%.

D. none of these.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The income from the sale of house hold furniture is ...................... 

A. Taxable income

B. Exempted income 

C. Capital gain

D. Business income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income from horse race falls under the head

A. Salary

B. Other sources

C. Profession

D. Business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income from subletting of house property is taxable under the head :

B.Income from Other Source

C.Income from House Propert

D.Profits & Gains of Business or Profession

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Mohan Received a gift of Rs.35,000/- each from his 3 friends on 31th March 2021

A.105,000 is taxable

B.50000 is taxable

C.Not taxabl

D.55000 is taxable

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