While computing advance tax following income shall not be considered:

Related MCQs

• Advance tax is required to be paid by all assessee only if estimated advance tax liability is
• A senior citizen having total income consisting of pension and let out property income aggregating to Rs. 6 lakhs must have paid advance tax during the financial year 2015-16 of
• When a charitable trust registered under section 12AA paid rent of Rs. 50,000 per month throughout the PY 2018-19 and no tax was deducted at source, the amount of expenditure to be considered for computing the application of income by the trust would be __________ .
• Section 80 RRB the Income-tax Act, 1961 deals with deduction from gross total income in respect of income by way of
• Deduction is not allowed to the assessee while computing income from other sources for
• While computing income from other sources, deduction is not allowed to the assessee for:
• While computing capital gain on sale of immovable property, full value of consideration shall be:
• In the case of a domestic company (turnover/gross receipts Rs. 70 crores), the basic rate of income-tax applicable for computing as per normal provisions would be ________, when the turnover of the company has been Rs. 45 crores in the previous year relevant to the assessment year 2017-18. (Note: Ignore surcharge, education cess, etc.)
• For the purpose of claiming higher deduction u/s 24(b), while computing income of a self-occupied property, assessee is required to take:
• While computing TDS on salary paid to employees, the losses given below to the applicable extent would be considered by the employer: