38 questions from 12 papers
Adam Smith has enumerated cannons of taxation which are accepted universally they are:
Under which section of Income Tax Act, 1961 ‘Income of other persons included in Assessee’s Total Income’
The principle of Law of Taxation that “No tax shall be levied or collected except by authority of law”. It is contained under:
Under which section of Income Tax Act “Income of other persons are included in assessee’s total income”
According to Income Tax Act “zero coupon bond” means a bond:
R. v. Dudley & Stephen stands for the principle that:
The definition of ‘money’ under GST law does not include:
Under Article 279A GST Council is constituted by:
Rate of additional Depreciation will be under section 32- Indian Income Tax Act-
Amount of deduction under section 24 of The Income Tax Act from annual value is-
For an individual to be deemed to be resident in India in any previous year one of the condition is:
Mr. Kapoor purchased a residential house in January, 2021 for 80,00,000. He sold the house in April, 2022 for 94,00,000. In this case the gain of 14,00,000 arising on account of sale of residential house will be charged to tax under which of the following head?
The primary GST slabs for any regular taxpayers are presently pegged at
Which of the following provision of the Constitution of India states that no tax can be levied or collected except by authority of law?
Which of the following would be the first previous year in case of a business or profession newly set up on 31st March, 2020 as per the Income Tax Act, 1961?
As per the Income Tax Act, 1961 a person is said to be resident of India in any previous year if he had been in India for a period of the following number of days in the previous year:
Income is defined under which of the following provision of the Income Tax Act, 1961?
The term "Income" is described in the Income Tax Act, 1961 under ______.
Mr X deposits 65,000 in a 5-year term deposit with the Post Office to avail deduction under Section 80C. Assuming Mr X does not opt for the concessional regime u/s 115BAC, what is correct?
Read the statements: 1. Agricultural income is exempt from tax under Section 10(1) of Income Tax Act, 1961. 2. Non-agricultural income above exemption + agricultural income above 5000 is taxable via partial integration.
Rent-free accommodation provided by employer to employee is ______.
Necessity rule as to admissibility of evidence is applicable when the maker of a statement:
Income which accrue or arise outside India but are directly received into India are taxable in case of:
Which of the following belong to the category of direct tax?
Section 154 under IT Act is:
Which of the following is not included in the Capital Asset under Section 2(14) of Income Tax Act:
Every Award of a Lok Adalat is deemed to be a:
Section 24 of Advocates Act deals with
A person who gives the guarantee is called:
‘Income’ is defined under Section 24* of the Income Tax Act, as:
Articles of a company can be altered by:
Under the Companies Act, every person subscribing to the Memorandum of a company must take at least:
GST came into force from
Permanent Account Number (PAN) is defined under:
Section 29 of the Wealth Tax Act, 1957 deals with:
Under Section 24(a) of the Income-tax Act, 1961, what percentage of the an- nual value of an income from house property is allowed as a standard deduction?
Read the given statements and choose the correct option. Statement 1 :Under the Income-tax Act, 1961, a deduction equal to 30% of the annual value is allowed while computing income from house property. Statement 2 :Where the property has been acquired or constructed with borrowed capital, the maximum deduction for interest payable on such capital is capped at 2,00,000, subject to conditions.