The Total income after deduction under Chapter VI-A cannot be
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Question 2 of 63
2. Question
1 points
As per _____ if deduction is allowed to AOP or BOI for the purpose of Chapter VI-A, deduction will not be allowed to the members of AOP/BOI in respect of that payment
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Question 3 of 63
3. Question
1 points
As per section 80A(6), profits/gains of a business needs to be recomputed, if inter unit trasnfer is not ade at
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Question 4 of 63
4. Question
1 points
Which of the following deductions cannot be availed, if the return is not filed on or before the due date specified u/s 139(1)?
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Question 5 of 63
5. Question
1 points
Which of the following assessees are allowed deduction u/s 80C “Deductions for Life Insurance premium, provident fund contribution etc.”?
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Question 6 of 63
6. Question
1 points
The maximum deduction allowed u/s 80C, in respect of certain contribution, to individual aged 45 years is ?
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Question 7 of 63
7. Question
1 points
Deduction u/s 80C is not available, where the amount paid by an individual for insurance, is on the life of
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Question 8 of 63
8. Question
1 points
Sunil took an insurance policy with a capital sum assured of Rs.50 lakhs. The amount of eligible deduction for premium paid on insurance policy, other than contract of deferred annuity for policy issued on or after 1.4.2012 is
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Question 9 of 63
9. Question
1 points
Deduction u/s 80C is available, when amount has been
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Question 10 of 63
10. Question
1 points
Deduction u/s 80C is not available from
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Question 11 of 63
11. Question
1 points
How much deduction u/s 80C is available to Ram, who has paid Rs.2,00,000 for life insurance of dependent parents ?
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Question 12 of 63
12. Question
1 points
Deduction u/s 80CCD is allowed to an individual assessee who is employed by either any employer or
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Question 13 of 63
13. Question
1 points
The maximum deduction available u/s 80CCD (IB) in respect of contribution to pension scheme of Central Government is lower of actual amount paid for
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Question 14 of 63
14. Question
1 points
________ Pension Yojna has been notified u/s 80CCD(II).
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Question 15 of 63
15. Question
1 points
What is the maximum ceiling for deduction u/s 80CCE in respect of deduction u/ss 80C, 80CCC and 80CCD ?
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Question 16 of 63
16. Question
1 points
X Limited employed Pratyush and contributed certain amount to his pension fund. The maximum amount of deduction allowed u/s 80CCD(2) with respect to X Ltd’s contribution is
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Question 17 of 63
17. Question
1 points
Total Income of Mr.Anuj who is self-employed is Rs.7,50,000. He deposited Rs.60,000 in pension scheme of Central Government, deposited Rs.1,00,000 in PPF and Rs.75,000 in life insurance policy. What is the taxable income of Mr.Anuj ?
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Question 18 of 63
18. Question
1 points
________ covers deduction in respect of medical insurance premium
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Question 19 of 63
19. Question
1 points
Deduction u/s 80D is available for medical insurance premium paid in respect of
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Question 20 of 63
20. Question
1 points
The ceiling for deduction u/s 80D for sole contribution made to Central Government Health Scheme is
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Question 21 of 63
21. Question
1 points
The payment for insurance premium u/s 80D should be paid
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Question 22 of 63
22. Question
1 points
The maximum deduction allowed for preventive health check-up u/s 80D is
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Question 23 of 63
23. Question
1 points
The maximum deduction allowable u/s 80EE for interest on loan for house property from financial institution for AY 2019-20 is
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Question 24 of 63
24. Question
1 points
Shyam Kumar, aged 75 years, paid medical insurance premium of Rs.34,000 by cheque and Rs.3,000 by cash during June, 2018 under a Medical Insurance Scheme of the General Insurance Corporation. The above sum was paid for insurance of his own health. He would be entitled to a deduction u/s 80D of a sum of
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Question 25 of 63
25. Question
1 points
What is the the maximum deduction available u/s 80DD for maintenance of a person with normal disability ?
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Question 26 of 63
26. Question
1 points
What is the maximum deduction available u/s 80DD for maintenance of a person with severe disability ?
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Question 27 of 63
27. Question
1 points
Deduction u/s 80DD is available to
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Question 28 of 63
28. Question
1 points
As per section 80DDB, deduction can be claimed, if expenditure has been actually incurred for medical treatment of
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Question 29 of 63
29. Question
1 points
Deduction u/s 80DDB is allowed upto ______________ or actual amount paid, whichever is lower
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Question 30 of 63
30. Question
1 points
Deduction u/s 80DDB, for senior citizen is allowed upto ____________ or actual amount paid, whichever is less
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Question 31 of 63
31. Question
1 points
Section 80E deals with
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Question 32 of 63
32. Question
1 points
Deduction u/s 80E for interest on loan taken for higher studies is allowed in ____starting from the assessment year in which assessee starts paying interest on loan or until interest is paid, whichever is earlier.
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Question 33 of 63
33. Question
1 points
To avail the deduction u/s 80E, loan must have taken from
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Question 34 of 63
34. Question
1 points
Deduction u/s 80E is available in respect of interest paid on loan taken for higher education of
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Question 35 of 63
35. Question
1 points
Deduction u/s 80E in respect of loan for higher education is available, where the interest is
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Question 36 of 63
36. Question
1 points
As per section 80EE, the amount of loan sanctioned for acquiring the house property shall not exceed
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Question 37 of 63
37. Question
1 points
As per section 80EE, the value of residential property should not exceed
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Question 38 of 63
38. Question
1 points
The maximum deduction allowed u/s 80EE in respect of interest on loan for house property is
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Question 39 of 63
39. Question
1 points
Deduction u/s 80EE in respect of interest on loan for house property is allowed, when the interest is
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Question 40 of 63
40. Question
1 points
R took a loan from financial institution for the purpose of acquiring a residential house property and the loan was sanctioned by the financial institution on 01.10.2017. He is eligible for deduction on interest under
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Question 41 of 63
41. Question
1 points
Deduction u/s 80G in respect of donation of a sum is available to
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Question 42 of 63
42. Question
1 points
Deduction for cash donation u/s 80G is allowed when it is made for a maximum amount of
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Question 43 of 63
43. Question
1 points
Which of the following donation is/are allowed as a deduction u/s 80G?
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Question 44 of 63
44. Question
1 points
Which of the following donation/s is/are not eligible for 100% deduction without any qualifying limit ?
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Question 45 of 63
45. Question
1 points
Rajnish made a donation of Rs.1,00,000 to Swachh Bharath Kosh set up by the Central Government. How much deduction he can avail u/s 80G?
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Question 46 of 63
46. Question
1 points
Anaya made a donation of Rs.50,000 for repair of temple which has been notified by the Central Government to be of historic importance. Compute the deduction available to Anaya u/s 80G ?
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Question 47 of 63
47. Question
1 points
The maximum deduction which can be availed u/s 80GG towards rent paid is
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Question 48 of 63
48. Question
1 points
The quantum of deduction available u/s 80GG in respect of rent paid is minimum of :
(i) Excess of rent paid over 10% of Adjusted Total Income
(ii) 15% of total rent paid annually
(iii) Rs.5,000 per month
(iv) 25% of Adjusted Total income
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Question 49 of 63
49. Question
1 points
How much deduction is available in respect of donations for scientific research u/s 80GGA ?
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Question 50 of 63
50. Question
1 points
In case, deduction is allowed to assessee u/s 80GGA, and later on the approval granted to the institution is withdrawn
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Question 51 of 63
51. Question
1 points
Deductions in respect of contribution made by companies to political parties are covered under
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Question 52 of 63
52. Question
1 points
ABC Pvt Ltd made a contribution of Rs.2,00,000 in cash to a registered political party. Compute the amount of deduction available u/s 80GGB ?
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Question 53 of 63
53. Question
1 points
Rahul contributed Rs.50,000 through cash to an electoral trust as donation u/s 80GGB. Compute the amount of deduction available u/s 80GGB ?
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Question 54 of 63
54. Question
1 points
Which of the following are eligible as recipient for deduction u/s 80GGC ?
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Question 55 of 63
55. Question
1 points
Sharan contributed Rs.85,000 through an account payee cheque to a registered political party by way of donation u/s 80GGC. Compute the amount of deduction available u/s 80GGC ?
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Question 56 of 63
56. Question
1 points
An enterprise which starts the development or operation and maintenance of infrastructure facility on or after 1.04.2017 is entitled to deduction u/s
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Question 57 of 63
57. Question
1 points
Which of the following is covered within the meaning of infrastructure facility for the purpose of section 80-IA ?
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Question 58 of 63
58. Question
1 points
The deduction u/s 80-IAB is allowed to
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Question 59 of 63
59. Question
1 points
Mihir, an individual assessee started development of a Special Economic Zone on 01.10.2018 and wants to claim deduction u/s 80-IAB. Will he be eligible for the same ?
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Question 60 of 63
60. Question
1 points
As per section 80-IAC, deduction will be allowed to an assessee for __________ consecutive assessment years, beginning from previous assessment year when eligible start up in incorporated.
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Question 61 of 63
61. Question
1 points
Deduction u/s 80-IAC is allowed to an assessee, being a/an ___________ which has earned profits and gains derived from the eligible business.
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Question 62 of 63
62. Question
1 points
For the purpose of section 80-IAC, eligible assessee means a company or LLP, whose total turnover does not exceed ____________ in any of the seven previous years beginning with the previous year in which deduction under this section is first claimed.
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Question 63 of 63
63. Question
1 points
Which one of the following state in not covered in North Eastern Region for the purpose of section 80-IB ?
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