Question

1. Income from agriculture land is
a) Exempted Income b) Casual Income c) Business Income d) Professional Income
2. Every year the residential status of an assessee
a) May change b) Will certainly change c) Will not change d) Constant
3. In which section of the Income tax act exempted income have been mentioned?
a) Section 10 b) Section 13 c) Section 12 d) Section 80C
4. Hostel Expenditure Allowance is exempted for
a) One person b) Four persons
c) Two persons
d) Three person​

Answer 1

Explanation:

1• C)Casual income

2• A) may changes