Q. Sales tax collected from the buyer of the goods is
✅ Correct Answer: (D)
Profits in lieu of salary
Income Tax Law and Practices MCQs and Notes
Q. If total income is up to 5,00,000 then the late fees of filing ROI is
✅ Correct Answer: (B)
5,000
Q. if total income is up to 50,000 then the late fees of filing ROI IS
✅ Correct Answer: (A)
1,000
Q. .The due date of filing return of income in case of company is
✅ Correct Answer: (A)
30th September
Q. Every assesse has to file return of income if their taxable income exceeds
✅ Correct Answer: (D)
basic exemption limit
Q. Deduction under 80 QQB is available in respect of
✅ Correct Answer: (A)
royalty income
Q. Deduction under section 80E is available on
✅ Correct Answer: (A)
education
Q. Deduction under section 80DDB is available to the extent of
✅ Correct Answer: (A)
40,000
Q. Deduction under sec 80DD is available to the extent of
✅ Correct Answer: (A)
Rs 75,000
Q. Deduction under section 80DD is available to
✅ Correct Answer: (B)
disabled dependent