Taxation

P

Praveen Singh • 27.20K Points
Instructor II

Q 1. Which of the allowances are fully taxable

(A) Dearness allowance
(B) Lunch allowance
(C) Medical allowance
(D) All of the above
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V

Vijay Sangwan • 19.12K Points
Tutor I

Q 2. It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.

(A) House Rent allowance
(B) Dearness allowance
(C) both a and b
(D) none of the above
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S

Shiva Ram • 21.45K Points
Instructor III

Q 3. An allowance to meet the expenses in connection with the rent of the house, by whatever name called

(A) House Rent allowance
(B) Perquisites
(C) pension
(D) none of the above
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R

Rakesh Kumar • 19.20K Points
Tutor I

Q 4. means fixed quantum of money given regularly in addition to salary to meet particular requirement

(A) Allowance
(B) Perquisites
(C) pension
(D) none of the above
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P

Priyanka Tomar • 25.98K Points
Instructor II

Q 5. Arear on salary are taxable on             

(A) Receipt
(B) due
(C) Receipt or due whichever is earlier
(D) none of the above
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V

Vinay • 19K Points
Tutor I

Q 6. salary is chargeable to tax on

(A) Receipt
(B) due
(C) Receipt or due whichever is earlier
(D) none of the above
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R

Ram Sharma • 188.81K Points
Coach

Q 7. Salary should have relationship

(A) employer employee
(B) Master and servent
(C) both a and b
(D) none of the above
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R

Rakesh Kumar • 19.20K Points
Tutor I

Q 8.               of Income Tax Act is related to residential status

(A) Section 6
(B) section-5
(C) section 8
(D) section 9
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G

Gopal Sharma • 28.64K Points
Instructor II

Q 9. .A is entitled to children education allowance @ Rs. 80 p.m. per child for 3 children amounting Rs. 240 p.m. It will be exempt to the extent of :

(A) 200
(B) 260
(C) 160
(D) 240
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M

Mohini Yadav • 27.60K Points
Instructor II

Q 10. which of the following are the basic condition to become resident of india

(A) He must be in India for 182 days or more in relevent previous year
(B) He must be in India for 60 days or more in Relevent Previous year AND In preceding 4 previous year he must be in
(C) both a and b
(D) none of the above
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