Income Tax Law & Practice-II (Income from other sources)
Authored by A Jegadishkumar
Arts
University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ms. Sitara is in receipt of family pension of ₹ 15,000 p.m. during 2021-2022. Income chargeable to tax for AY 2022-23 of Ms. Sitara is
(A) ₹ 1,80,000
(B) ₹ 1,20,000
(C) ₹ 1,65,000
(D) Nil
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
While making payment of winnings from horse race, the tax will be deducted at source, if the payment exceeds
(A) ₹ 5,000
(B) ₹ 10,000
(C) ₹ 25,000
(D) ₹ 50,000
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amit received ₹ 70,000 being winnings from lottery after deduction of tax at source.
His gross winnings from the lottery to be included in the total income is
(A) Nil
(B) ₹ 1,00,000
(C) ₹ 70,000
(D) ₹ 30,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sameer received the following income during PY 2021-22:
Director’s fees ₹ 5,000
Income from agricultural land in Pakistan ₹ 15,000
Rent from let-out of land in Jaipur ₹ 20,000
Interest on deposit with HDFC Bank ₹ 1,000
Dividend from Indian company ₹ 5,000.
His income from other sources is
(A) ₹ 41,000
(B) ₹ 46,000
(C) ₹ 31,000
(D) ₹ 26,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ram received ₹ 80,000 by way of gifts from friends upon retirement from service in a private company.
The amount of gift chargeable to income-tax would be:
(A) Nil
(B) ₹ 30,000
(C) ₹ 70,000
(D) ₹ 80,000
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