Business Taxation MCQs and Notes
V
Q 41. The maximum limit for the claim of deduction under salary head Contributions to certain pension funds of LIC or any other insurer is .
A
Q 42. Deduction under section 80C to 80U cannot exceed .
G
Q 43. Income accrued outside India and received outside India is taxable in case of.
V
Q 44. Total income is to be rounded off to nearest multiple of …………….and tax is to be rounded off to nearest multiple of .
A
Q 45. The assessment period for income tax on salary is .
V
Q 46. The entertainment allowance is applicable to .
R
Q 47. The family pension received by the family members of armed forces after death of employee is .
V
Q 48. If the employee receives retirement gratuity from more than one employer, he can claim exemption in respect of .
G
Q 49. The children education allowance, the amount exempted from taxable income is limited to
A