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. |
ITR -5 is related to : |
| A. | for individuals |
| B. | for huf. |
| C. | for firms, aops and bois. |
| D. | for companies. |
| Answer» A. for individuals | |
| 2. |
Tax refund has to be claimed within : |
| A. | five years |
| B. | same year |
| C. | one year |
| D. | next year |
| Answer» C. one year | |
| 3. |
In the absence of the individual assesses, return of income can be signed by ………………… |
| A. | legal heir |
| B. | spouse. |
| C. | any person. |
| D. | authorized person |
| Answer» D. authorized person | |
| 4. |
Amount of deduction in case of a person with severe disability under section 80U will be: |
| A. | rs. 50,000 |
| B. | rs. 75,000 |
| C. | rs. 1,00,000 |
| D. | rs. 1,50,000 |
| Answer» C. rs. 1,00,000 | |
| 5. |
Deduction under section 80C to 80U cannot exceed: |
| A. | gross total income |
| B. | total income |
| C. | income from business or profession |
| D. | income from house property |
| Answer» A. gross total income | |
| 6. |
Payment of Rs. ` 45,000 made in cash towards purchases of medicines. The amount of disallowance under section 40A(3) is - |
| A. | rs 45,000 |
| B. | rs 30,000 |
| C. | nil |
| D. | rs 20,000 |
| Answer» A. rs 45,000 | |
| 7. |
Rental income from the business of leasing out properties would be taxable under the head_______ |
| A. | income from house property |
| B. | income from other sources |
| C. | income from pgbp |
| D. | income from capital gain |
| Answer» C. income from pgbp | |
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