Q. Capital LosseCan be carry forward up to next assessment years from the assessment year in which the loss was incurred
✅ Correct Answer: (A)
8
Taxation MCQs and Notes
Q. Previous year means the financial year immediately preceding the
✅ Correct Answer: (B)
Assesment year
Q. Allowances to Judges of High Court/Supreme Court (Subject to certain conditions)
✅ Correct Answer: (B)
Not taxable
Q. A is a non-cash benefit granted by an employer to the employee
✅ Correct Answer: (C)
pension
Q. is a retirement benefit given by the employer to the employee in consideration of past services.
✅ Correct Answer: (A)
Gratuity
Q. which of the following heads are the head of Income under Income tax Act 1961
✅ Correct Answer: (D)
All of the above