
INCOME FROM OTHER SOURCES
Authored by PRADEEP PRAJAPATI
Professional Development
University
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT taxable under the head "Income from Other Sources"?
Lottery winnings
Gift from a relative
Rent from plant & machinery
Interest on compensation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the tax rate on winnings from lotteries?
Normal slab rate
20%
30% + cess
10%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Dividend received from an Indian company is taxed under:
Capital Gains
Salaries
Other Sources
Exempt income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest on enhanced compensation is allowed a deduction of:
100%
20%
50%
Nil
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Family pension is allowed a deduction of:
₹15,000 or 1/3rd, whichever is less
₹1,50,000
₹10,000
100%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Advance money forfeited after 1.4.2014 is taxed under:
Capital Gains
Business Income
Other Sources
House Property
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gift of immovable property without consideration is taxable if SDV exceeds:
₹10,000
₹1,00,000
₹50,000
₹5,00,000
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