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Q. Mr. Joshi runs a chemist`s shop, accounting year of which is the financial year. On November -9,2017.He sets up a chemical factory. What is the previous year for the assessment year 2018-19 for the above two businesses___________________

Q. Out of the following which is a revenue receipt _______________-

Q. Pension received by an employee of the central or state government who has been awarded “Param Vir Chakra” _____________

Q. Whose income is chargeable to Income tax _______________

Q. Compensation received on voluntary retirement is exempt under sec.10 (10c) to the maximum extent of ___________

Q. Municipal valuation of the house is Rs.1,00,000 fair rent Rs.1,20,000, fair rent Rs.1,20,000, standard rent Rs.1,10,000 and actual rent received or receivable is Rs.1,40,000. The gross annual value in this case shall be ____________

Q. Which of the following tax is allowed as deduction while computing the business income________

Q. Residential status is to be determined for ____________

Q. In case the property is owned by co -owners and it is self-occupied by all co -owners. The annual value of such house property ____________

Q. Municipal taxes to be deducted from GAV should be _______