Top 150+ Solved Income Tax Law and Practice MCQ Questions Answer
Q. Which among the following deals with deduction in respect persons with disability?
a. 80G
b. 80E
c. 80D
d. 80U
Q. While computing the total income, an individual assessee with disability is entitled to adeduction of:
a. Rs: 50,000
b. Rs: 75,000
c. Rs: 1,25,000
d. Rs: 1,50,000
Q. An individual assessee with severe disability is entitled to a deduction of................. while computing his total income.
a. Rs: 50,000
b. Rs: 75,000
c. Rs: 1,25,000
d. Rs: 1,50,000
Q. Hill allowance given to an employee is fully taxable, if the place is located at:
a. Less than 1,000 metre height from sea level
b. Less than 1,200 metre height from sea level
c. Less than 1,500 metre height from sea level
d. Less than 1,800 metre height from sea level
Q. Which among the following is a fully exempted allowance?
a. Proctor allowance
b. U.N. allowance
c. Deputation allowance
d. Non-practicing allowance
Q. If a partner lets out his buildings to the firm, the rent received by him will be taxed under:
a. Profits and gains from business
b. Income from house property
c. Income from other sources
d. None of these
Q. The rate of surcharge if total income of an individual assessee exceeds Rs: one crore is:
a. 7.5%
b. 10%
c. 15%
d. 20%