Top 50+ Solved Income Tax Laws MCQ Questions Answer
Q. Full form of TDS
a. Tax deducted at source
b. Tax deducted for source
c. tax deducted by source
d. none of above
Q. against the profit or income of that particular year.
a. set off
b. carry forward
c. none of above
d. both of above
Q. which of the following are the basic condition to become resident of india
a. He must be in India for 182 days or more in relevent
b. He must be in India for 60 days or more in
c. both a and b
d. none of the above
Q. Salary should have relationship
a. employer employee
b. Master and servent
c. both a and b
d. none of the above
Q. salary is chargeable to tax on
a. Receipt
b. due
c. Receipt or due whichever is earlier
d. none of the above
Q. Arear on salary are taxable on
a. Receipt
b. due
c. Receipt or due whichever is earlier
d. none of the above
Q. means fixed quantum of money given regularly in addition to salary to meet particular
a. Allowance
b. Perquisites
c. pension
d. none of the above
Q. An allowance to meet the expenses in connection with the rent of the house, by whatever name called
a. House Rent allowance
b. Perquisites
c. pension
d. none of the above
Q. It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.
a. House Rent allowance
b. Dearness allowance
c. both a and b
d. none of the above
Q. Which of the allowances are fully taxable
a. Dearness allowance
b. Lunch allowance
c. Medical allowance
d. All of the above