Scribd
Upload
74 views

List of Attempted Questions and Answers (Taxation - 1)

This document contains a list of attempted tax-related questions and answers. It includes true/false questions about advance tax payments and entertainment allowances being taxable. It also includes multiple choice questions about allowable deductions from gross annual value and types of exempt local authority incomes. Finally, it contains matching questions about eligibility for rebates under section 88 for investments in National Savings Schemes, Public Provident Funds, and tax-saving bonds.

Uploaded by

api-3745584
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
74 views

List of Attempted Questions and Answers (Taxation - 1)

This document contains a list of attempted tax-related questions and answers. It includes true/false questions about advance tax payments and entertainment allowances being taxable. It also includes multiple choice questions about allowable deductions from gross annual value and types of exempt local authority incomes. Finally, it contains matching questions about eligibility for rebates under section 88 for investments in National Savings Schemes, Public Provident Funds, and tax-saving bonds.

Uploaded by

api-3745584
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 3

LIST OF ATTEMPTED QUESTIONS AND ANSWERS (Taxation_1)

1
Correct Answer True

True/False
Question Any advance tax paid before 31st March is treated as advance tax paid during
the previous year.
Correct Answer True

Multiple Choice Single Answer


Question Municipal taxes paid is allowed as deduction from :-
Correct Answer Gross annual value
True/False
Question Entertainment Allowance received by the employees from the private sector is
taxable in the hands of the employee.
Correct Answer True
Match The Following
Question Correct Answer Your Answer
Any subscription made to By an individual or a HUF is eligible for By an individual or a
National Saving Scheme rebate u/s 88 HUF is eligible for
rebate u/s 88
Mr. A, a 70 years old Senior RS.12,500 RS.12,500
Citizen, has the Gross Total
Income of Rs. 2,50,000 during the
Assessment Year 2005-2006. He
invested Rs. 50,000 in the tax
saving bonds of ICICI on 10th June
2004. His tax liability for the A Y
2005-2006.
During the Assessment Year 2005-2006, Mrs. A, Rs. 1,000 Rs. 1,000
age 58 years, has the Gross Total Income of Rs.
1,45,000 including the dividend from Indian
companies amounting to Rs. 10,000. She invests
Rs. 50,000 in PPF during the said Assessment
Year. her tax liabilit is
Any contribution made to a Is eligible for rebate u/s 88 Is eligible for rebate u/s 88
Public Provident Fund

Multiple Choice Multiple Answer


Question Following incomes of local authorities are exempt :-
Correct Answer Capital gains , Other income , House property
Multiple Choice Multiple Answer
Question For Deduction u/s 54EC from Capital Gains the assessee should invest the
whole or part of the capital gains in the specified assets :-
Correct Answer Within six months from the date of transfer of the long-term capital asset
2
Registration number 200425352
Name: Sarada J.H

You might also like