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Taxation Fundamentals Challenge

Answer these simple questions correctly and earn coins

Difficulty Level :
10 Question

Popular Questions In Taxation Fundamentals Challenge

  • Deduction under section 80C to 80U can be claimed from;

  • The normal tax rates applicable to a resident individual will depend on the ____

  • Which of the following is covered under section 80D of the Income Tax Act, 1961?

  • The rate of tax on long term Capital gain is:

  • The upper limit of deduction under section 80 DDB (not a senior citizen) is ____

  • The tax treatment of remuneration by the way of salary, bonus ,commission etc. received by a partner is

  • The deduction under section 80TTA can be claimed by ____

  • Mr. X furnishes the following information about his Income : Income from Salary Rs 5, 00,000,Loss from House Property (Rs 1, 50,000), Long term capital gain Rs 60,000,Short term capital loss Rs 40,000.Calculate his gross total income

  • Deduction in respect of contribution to pension scheme of central government comes under ______ of Income Tax Act, 1961. 

  • Share in the profits of the firm is taxable in the hands of partner under the head: