Final PN-15 DIT Quiz 2

1. ICDS IV deals with

2. Long-term Capital Loss can only be set off against

3. Capital asset excludes all except

4. Sole Proprietor is liable to tax at which rate

5. Return filed after the due date is called

6. The last date of filling of return of income of individual is

7. The maximum amount of exemption of gift from a non relative is

8. What are the conditions to be fulfilled for charging of income under the head capital gains

9. If the recipient of income doesn’t furnish his PAN to deductor then TDS is to be deducted at which rate?

10. Period upto which AMT credit can be carried forward

11. Minimum alternate Tax is

12. As per sub-section (8A ) of section 139 of the Income tax Act , a person may furnish an updated return of his income for the previous year relevant to such assessment year , with in                                                 from the end of assessement year

13. What percentage of tax is taxable on Long-Term capital gain arising from transfer of securities ,bonds, units, debenture

14. In the Income Tax Act,      is a certificate which an employer gives to his employees.It certifies the amount of tax deducted by the employer from the salary of employee

15. Which one of the following is not a tax saving investment

16. Which among the following is a progressive tax

17. The rate of tax provided by the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 is:

18. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 extends to:

19. ICDS is applicable in case of income under the head:

20. ICDS VIII deals with:

21. Equalisation levy shall be payable @      

22. As per section 178(3), the                    of a company has to intimate the tax authority before he parts with any of the assets of the company or the properties in his hands and has to set aside the amount if any intimated to him by the tax authorities.

23. Sec. 130 deals with:

24. CBDT stands for:

25. A is using a motor car for his personal purposes, but charges as business expenditure. This is the case of: