While computing the income of a business, which among the following is allowed:

Related MCQs

• While computing the profit of a firm, interest allowed on partners’ capital is allowed:
• An assessee paid Rs: 64,000 as interest on a loan taken in the P.Y 2018-19 for the renovation of self-occupied house. While computing income from H.P, he is eligible for deduction to the extent of:
• While computing the total income, an individual assessee with disability is entitled to a deduction of:
• An individual assessee with severe disability is entitled to a deduction of ................. while computing his total income.
• Which among the following is a deduction allowed under section 16 :
• According to Income Tax Act, there are.................heads of income.
• is the base of computation of income under the head “income from H.P”
• The inclusion of others’ income in the income of an assessee is called:
• When the income of minor child is included in the income of parent, then parent is entitled to an exemption up to:
• The unabsorbed loss under “Income from house property” shall be carried forward and set-off in subsequent assessment years up to a maximum of ............................... years against income from house property.