Income tax is charged in mcq
http://www.unishivaji.ac.in/uploads/exam/2024/question-bank/commerce-management/DIT/DIT%20_Commerce%20(1).pdf WebTaxation MCQs Questions and Answers. Taxation Multiple Choice Questions (MCQs) Test with Answers. Taxation MCQs. Q. A tax that takes a larger percentage from high-income earners than it does from low-income earners is called (A) proportional tax (B) progressive tax (C) regressive tax (D) suppressive tax. The answer is: (B) progressive tax. Q.
Income tax is charged in mcq
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WebIncome-tax in India is charged at the rates prescribed by - CA Final Direct Tax Laws –MCQ On Income Tax Rate &Basic Concept Of Income Tax C. Income from other sources D. … Webproperty is Rs. 56,000 per annum. Municipal valuation is Rs. 28,000. Municipal taxes paid are Rs. 5,000 including Rs. 1,000 for an earlier year. The house was constructed in December, …
WebFeb 24, 2024 · Note: MCQ is wrong, as none of the given options is correct. Answer: ... 2024 defines aggregate turnover which is being computed on an India basis excluding the taxes charged under CGST Act, SGST Act, UTGST Act and IGST Act. Aggregate turnover shall include all supplies made by a taxable person comprising of: (i) Taxable supply ... WebJan 31, 2024 · Income Tax MCQs 2024 – 23 (Fill in the blanks) 1) The income tax was introduced in India for the first time in 1860 by British rulers. 2) Under Section Sec. 10 …
http://jmpcollege.org/downloads/Introduction_and_Definitions.pdf WebMCQ on taxation com semester mcq income tax income tax act was passed in the 1934 1956 1961 1972 income tax act came into force a)1st april 1935 1st april 1961. ... Educational cess is charges at the rate of ..... A) 2% B) 1% C) 3% D) 5% 14. As per Income tax Act, Person includes ..... A) Individual B) HUF C) Local Authority D) All of the above ...
WebTax is _ _ _ _ _ _ _ _ at source by the seller from the buyer at the time of debiting the amount account of the buyer or the receipt of payment whichever is earlier. Amount of advance tax paid on due date on or before December 15th by assessee is. Deduction of tax at source made for incomes which can be calculated in advance is called_ _ _ _ .
WebTaxation MCQs Questions and Answers. Taxation Multiple Choice Questions (MCQs) Test with Answers. Taxation MCQs. Q. A tax that takes a larger percentage from high-income … great wall 2 plains pagreat wall 2 middletownWeb1 The income-tax payable by a Non Resident Individual (aged 30 years) for AY 2024-20 if his total income s Rs. ` 2,75,500 will be: A Rs.` 1,326. B Rs.` 566. C Rs.` 570. D Rs.` 2,626. View … florida department of health hepatitis aWeb1 Income-tax in India is charged at the rate (s) prescribed by -. A The Finance Act. B The Income-tax Act. C The Central Board of Direct Taxes. D The Ministry of Finance. 2 Which … greatwall 2 plainsWebThe number allotted by income tax authorities to assessees for identification and which should be quoted in all documents and correspondences is_ _ _ _ _ _ Tax is _ _ _ _ _ _ _ _ at source by the seller from the buyer at the time of debiting the amount account of the buyer or the receipt of payment whichever is earlier. florida department of health healthy starthttp://www.jmpcollege.org/Adminpanel/AdminUpload/Studymaterial/TYBMS%20SEM%20V%20D%20TAX%20ATKT%20STUDY%20MATERIAL.pdf great wall 2 menuWebNov 23, 2024 · Income tax is payable on- Taxable income 3. Income tax is- Direct Tax 4. The authority on whose recommendation the amount collected as income tax is distributed to state Govt.- Finance Commission 5. Income tax was first levied in the year- 1860 6. In case of delay payments of income tax penalty shall be charged as- 1% per month 7. florida department of health hendry county