Income tax is charged in mcq
Web1 The income-tax payable by a Non Resident Individual (aged 30 years) for AY 2024-20 if his total income s Rs. ` 2,75,500 will be: A Rs.` 1,326. B Rs.` 566. C Rs.` 570. D Rs.` 2,626. View … WebDec 7, 2024 · Taxation is the way to redistribute income and increase the government's revenue. Play this informative quiz on taxation that contains MCQ-based questions to …
Income tax is charged in mcq
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WebNov 23, 2024 · Income tax is payable on- Taxable income 3. Income tax is- Direct Tax 4. The authority on whose recommendation the amount collected as income tax is distributed to state Govt.- Finance Commission 5. Income tax was first levied in the year- 1860 6. In case of delay payments of income tax penalty shall be charged as- 1% per month 7. WebFeb 24, 2024 · Note: MCQ is wrong, as none of the given options is correct. Answer: ... 2024 defines aggregate turnover which is being computed on an India basis excluding the taxes charged under CGST Act, SGST Act, UTGST Act and IGST Act. Aggregate turnover shall include all supplies made by a taxable person comprising of: (i) Taxable supply ...
WebMar 6, 2024 · Business income-Tax on business income is called business Tax. Business tax, also known as Corporation tax, is a type of direct tax. Corporate tax is levied on a … WebApr 13, 2024 · Get Income-tax and Corporate Tax Planning Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. Download these Free Income-tax and Corporate Tax Planning MCQ Quiz Pdf and prepare for your upcoming exams Like Banking, SSC, Railway, UPSC, State PSC. ... At the moment, excise duty is charged at 12.36% but it …
WebApr 3, 2024 · Income tax is a tax charged on the annual income earned by means of a person. The Government of India collects income tax in the form of Direct tax and Indirect tax. Income tax for FY 2024-23 applies to all residents whose annual income is more than … http://www.unishivaji.ac.in/uploads/exam/2024/question-bank/commerce-management/DIT/DIT%20_Commerce%20(1).pdf
WebCA Final Direct Tax Laws –MCQ On Income Tax Rate &Basic Concept Of Income Tax. 28. 2. ... Income-tax in India is charged at the rate(s) prescribed by - The Finance Act . The Income-tax Act. The Central Board of Direct Taxes. The Ministry of Finance. Which of the following is not included in taxable income -
WebJan 31, 2024 · Income Tax MCQs 2024 – 23 (Fill in the blanks) 1) The income tax was introduced in India for the first time in 1860 by British rulers. 2) Under Section Sec. 10 … dart score app windowsdart score downloadWebNov 10, 2024 · Tax MCQ pdf. MCQ on Income from House Property QUIZ. Income Tax MCQ – 3 Income Tax MCQ with Answers Pdf-3. 1. The basis of charge Under the head Income … bistro la bon cateringWebApr 27, 2024 · MULTIPLE CHOICE QUESTIONS ASKED IN 2014 EXAM. 1. (a) Fill in the blanks : 1x4=4. a) Accounting Standards Board was set up in India in the year 1977. b) The cost of goods sold on hire purchase is transferred to Trading Account. c) Royalty paid on sales is debited to Profit and loss Account. bistro knoxvilleWebNov 11, 2024 · Basic Concepts of Income Tax MCQ. MCQs on other topics of Taxation; Cost Accounting MCQs pdf ; 1. Income tax extends to ……………….. of India. dart scorer windows 11WebTax is _ _ _ _ _ _ _ _ at source by the seller from the buyer at the time of debiting the amount account of the buyer or the receipt of payment whichever is earlier. Amount of advance tax paid on due date on or before December 15th by assessee is. Deduction of tax at source made for incomes which can be calculated in advance is called_ _ _ _ . dart scorer windowshttp://jmpcollege.org/downloads/Introduction_and_Definitions.pdf bistro lancaster houston