Deductions under chapter VI-A

Deductions under chapter VI-A

Professional Development

10 Qs

quiz-placeholder

Similar activities

Day 2 - Back to Basics

Day 2 - Back to Basics

Professional Development

15 Qs

FATB 18V2 Accounting Challenge

FATB 18V2 Accounting Challenge

University - Professional Development

10 Qs

Income from Other Sources (TA training)

Income from Other Sources (TA training)

Professional Development

10 Qs

Taxation

Taxation

Professional Development

10 Qs

Tax regime

Tax regime

Professional Development

10 Qs

Tax - E Hand Book

Tax - E Hand Book

Professional Development

10 Qs

BFP TOT

BFP TOT

Professional Development

10 Qs

Federal Filing Status & Dependents – Multiple Choice Quiz

Federal Filing Status & Dependents – Multiple Choice Quiz

Professional Development

10 Qs

Deductions under chapter VI-A

Deductions under chapter VI-A

Assessment

Quiz

Other

Professional Development

Hard

Created by

CA Saturday

Used 3+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Deductions under Chapter VI-A of the Income Tax Act, 1961 are allowed after excluding which of the following incomes from the gross total income?

(i) Income from house property

(ii) Long-term capital gains

(iii) Short-term capital gains under Section 111A

(iv) Income from lotteries

(i), (ii) and (iii)

(ii), (iii) and (iv)

Both (ii) and (iii)

4.Only (ii)

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The deductions are available from the following incomes except:

(a) Long term capital gains

(b) Short term capital gains u/s 111A

© Winnings from lotteries, races, etc.

(d) All of the above

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Mr. Ram has GTI of ₹1,20,000 for F.Y. 2020-21 and has deduction under chapter VI-A of ₹1,50,000. Loss to be carried forward by Mr. Ram for FY 2020-21 is:

(a) Nil

(b) ₹30,000

© ₹1,50,000

(d) ₹20,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For the year ended 31st March, 2021, Paresh receives an annual salary of ₹2,80,000. Paresh’s contribution to employees’ recognized provident fund account is ₹59,000, and matching contribution has been made by the employer. Taxable income of Paresh will be:

(a) ₹1,96,400

(b) ₹2,06,400

© ₹3,39,000

(d) ₹2,80,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An individual has made investments in the schemes approved u/ss 80C and 80CCD of ₹2,50,000 and ₹1,00,000 respectively during the year ended 31st March, 2021. Amount that can be claimed by him as deduction out of income in AY 2021-22 is:

(a) 50% ofRS.3,50,000

(b) ₹1,50,000 u/s 80C and ₹50,000 u/s 80CCD (1B)

© ₹1,50,000

(d) All of the above

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which section of the Income Tax Act provides deductions on certain investments and expenses?

(a) Section 80D

(b) Section 80G

© Section 80C

(d) Section 80U

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which section allows 100% tax deductions for donations to certain charitable institutions and funds?

(a) Section 80G

(b) Section 80GG

© Section 80D

(d) Section 80E

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?