Income Tax Act MCQ - English


Set 3 MCQ Questions and Answers

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Income Tax MCQ Questions and Answers: Here learn quiz questions on Income Tax Act and download pdf 50 questions.

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1) Which one of the following is not an admissible expense

2) Tax on short-term gain on sale of listed shares is......

3) Rate of T.D.S for unlisted securities, including cesses is.......

4) Which of the following is not a capital asset.

5) A partnership firm sold a residential house. The firm will get exemption under section .................... on capital gains

6) Income of a minor child is included in the total income of ...........................

7) Which of the following is eligible for 100% deduction ?

8) Section C applies on ..........

9) Donation on PM’s National Relief Fund is deductible 100% out of the gross total income of the assessee, under section ......

10) According to section ........................ , TDS shall be payable during the financial year in respect of the total income of the assessee.