Question

_- (Taxable /
(Any 10)
able to pay income tax on his income received in India. (Resident / Non-
resident / Both Resident and Non-resident)
2. As per Section 24, Standard deduction allowable on Let out house propery is
(Rs. 30,000 / Actual amount spent on répairs / 30 percent of NAV)
3. Commuted pension received by a Government employee is _
Exempt from tax / 1/3 exempt form tax)
4. Gas, electricity or water supply provided free of cost to an employee is
(exempt form tax / perquisite taxable in case of 'specified' employees / perquisite taxable
in case of all employees)
5. Municipal tax is deducted from
of the house property. (Net Annual Value /
Gross Annual Value / Municipal Valuation)
6. Sale of residential House Property is taxable under the head
(income form
House Property / Capital gain / Profit from business or profession)
7. Gift received from father is
(Taxable as business income / Non taxable / Taxable as other income)
8. Gratuity received by Government employees is
(exempt form tax / taxed as
capital gain / taxed as profit and gains of business)
9. Indian citizen leaving India for Employment is considered as resident in India in any
previous year if he stays in India for minimum - days. (60 / 182/365)
10. Salary received by a partner from his firm is regarded as _ (Profit and gains of
5 business and profession / Income from salaries / Income from other sources)
11. If a residential house property is held for more than
it is considered as a long
term capital asset. (12 months / 24 months / 36 months)
12. Deduction u/s 80 C is allowed to the maximum of
- (Rs. 50,000/Rs. 1,50,000
/ Rs. 1,00,000)
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B. State whether the following statements are True or False. (Any 10)
1. Income received from smuggling activity is income as per Income Tax Act.
2. Avon Private Limited is a Partnership firm under the Income T .
Vict9
SOFOSCA
OSS169
LHUSSCE
(10)​

Answer 1

Answer:

Explanation:

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