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

Income from others sources is u/s …..

• A) 56

• B) 57

• C) 58

• D 59

Interest on saving bank account is exempted up to…..

• A) 15,000

• B) 20,000

• C) 10,000

• D) None of the Above

Gift received from My Wife is…..

• A) Exempted

• B) Partly taxable

• C) Taxable

• D) All of the above

Income from others sources may be includes

• A) Indian company dividend

• B) Dividend from units

• C) Foreign company dividend

• D) All of the above

The aggregate value of monetary gift received during the previous year is exempted , if it

• A) Doesn’t exceed 50,000

• B) Exceed 50,000

• C) Exceed 45,000

• D) None of the above