McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
Chapters
| 1. |
As per Section 2(e a), which of the following is an asset in case of an individual: |
| A. | cash in hand up to rs. 50,000 |
| B. | shares |
| C. | debentures or bonds |
| D. | motor car used for official purposes |
| Answer» A. cash in hand up to rs. 50,000 | |
| 2. |
Income Tax is levied on the ___________ of a person. |
| A. | total income |
| B. | total income-debt |
| C. | gross total income |
| D. | net income-debt perquisites |
| Answer» A. total income | |
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