LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Correct Answer The value for which it was acquired by the assessee

Your Answer The value for which it was acquired by the assessee

Select The Blank

Question Expenditure incurred by way of fees etc. in connection with any
proceedings under Income Tax Act are ________ as business
expenditure
Correct Answer Allowed

Your Answer Allowed

Multiple Choice Multiple Answer

Question Income received by following assesses is taxable in India :-

Correct Answer Resident , Non resident , Resident but not ordinary resident

Your Answer Resident , Non resident , Resident but not ordinary resident

Multiple Choice Multiple Answer

Question Short Term Capital Loss can be adjusted against :-

Correct Answer Short Term Capital Gains. , Long term Capital Gains

Your Answer Short Term Capital Gains. , Long term Capital Gains

Multiple Choice Single Answer

Question The amount paid by the employer to the employee on his
retirement is taxed as :-
Correct Answer Income from Salaries

Your Answer Income from Salaries

Multiple Choice Single Answer

Question All intangible assets like Patents, Trade Marks, Copy Rights,
Licenses etc. have the depreciation rate of :-
Correct Answer 0.25

Your Answer 0.25

Multiple Choice Multiple Answer

Question The amount of deduction available depends upon the nature of
donation. For this purpose, the donations may fall under the
following categories :-
Correct Answer Donations eligible for 100% deduction without any qualifying
limit. , Donations eligible for 50% deduction without any
qualifying limit , Donations eligible for 75% deduction subject to
qualifying limit
Your Answer Donations eligible for 100% deduction without any qualifying