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Q. M.Who was carrying on agency business, received a sum of Rs.5,00,000 from his principal for termination of agency. Compensation so received shall be _________-

Q. Income which accrue in India from a business controlled from India _________________

Q. Total income of person is determined on the basis of his ________________

Q. Shivaji University is assessable under the Income Tax Act as _______________.

Q. One who is liable to pay the income tax__________________

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 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. Body of individual should consist of ____________

Q. M is entitled to children education allowance @80 p.m per child for 3 children amounting Rs.240p.m. It will be exempt to the extent of ___________

Q. An assessee has borrowed money for purchase of house and interest is payable outside India. Such as interest shall ____________