WorksheetsIncome tax
Total questions: 15
Worksheet time: 8mins
Finance Bill becomes the Finance Act when it is passed by
. (a) Lok Sabha
(b) Both Lok Sabha & Rajya Sabha
(c) Both House of Parliament & signed by President.
(d) Both House of Parliament & signed by Prime Minister
In a HUF the head of the family is called
Coparcener
Member
Kartha
None of the above
Income from Firm is Taxable @
20%
30%
40%
As per slab
TDS
Tax Deducted at Source
Total Deducted at Source
Tax Deducted at Sample
Tax Due at Source
Which is an example for Indirect tax
Wealth Tax
Gift tax
Income tax
Excise Act
Which Depreciation method to be used as per IT Act?
Straight Line Method
Written Down Value
Annuity
Depreciation Fund
Types of Capital Gains in IT Act
2
4
6
None of the above
Assessment year is the period of 12 months commencing from________Every year
1st April
1st March
30th April
31st March
Income Tax Act was passed in the year_________
1934
1956
1961
1972
A person can be resident in more than one country.
True
False
Temple property belongs to .............as per recent pronouncement of the Supreme court
Supreme court
High Court
Diety
Worshipers
Income Tax is imposed by
(a) State Government
(b) Central Government
(c) Both of the above
(d) Constitution of India
Income is classified as
Direct
Indirect
Direct and Indirect
Income Tax Act came into force on
. (a) 1.4.1961
(b) 1.4.1962
(c) 1.4.1956
(d) 1.4.1965
1.A company may be not ordinarily resident in a year
True
False
