quiz

Quiz on Taxation

Answer these simple questions correctly and earn coins

Difficulty Level :
10 Question

Popular Questions In Quiz on Taxation

  • Mr. Sharma contributed Rs 10,000 to a political party by cheque , he can avail deduction under

  • Mr. X, resident, has only income by way of winning from lottery Rs.50, 000. Compute his tax liability assuming that there was no tax deducted at source.

  • Mr. X, resident, 35 years, has only income from business Rs.12, 00,000. Compute his tax liability

  • Which among the following deduction is available only to disabled persons :

  • Short term capital loss can be set off from :

  • Deduction available under section 80QQB in respect of royalty income of authors shall not exceed in a previous year by

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

  • Deduction under 80G on account of donation is allowed to :

  • The income-tax is to be increased by health and education cess @_______ on income- tax plus surcharge/ minus rebate under section 87A, wherever applicable

  • What is the basic exemption limit in case of a resident individual of the age of 60 years or above but below 80 years for the assessment year 2020-21?