News 100+ Income Taxation Mcqs
1. Surcharge of 10 per cent is payable past times an private where the total income exceeds:
a) Rs.7,50,000
b) Rs.8,50,000
c) Rs.10,00,000
d) None of the three
Ans c
2. Additional surcharge (education cess) of 3% per cent is payable on
a) Income taxation
b) Income taxation plus surcharge
c) Surcharge
Ans b
3. Family pension received past times a widow of a fellow member of the military machine where the decease of the fellow member has occurred inward the shape of the operational duties, is
a) Exempt upwards to Rs.3,00,000
b) Exempt upwards to Rs. 3,50,000
c) Totally exempt nether department 10(19)
d) Totally chargeable to tax
Ans c
4. In honour of shares held every bit investment, spell computing the working capital missive of the alphabet gains, securities transaction taxation paid inward honour of sale of listed shares sold inward a recognized stock exchange,
a) Is deductible upwards to Rs.1,00,000
b) Is deductible upwards to Rs.2,00,000
c) Is deductible if C.G.’s is < 5,00,000
d) Is non deductible at all
Ans d
5. Gift of Rs 5,00,000 received on 10 July, 2008 through trouble organization human relationship payee depository fiscal establishment check from a non-relative regularly assessed to income-tax, is
a) H5N1 working capital missive of the alphabet receipt non chargeable to tax
b) Chargeable every bit other sources
c) Chargeable to taxation every bit trouble organization income
d) Exempt upwards to Rs.50,000 in addition to residual chargeable to taxation every bit income from other source
Ans b
6. The charge per unit of measurement of taxation that is leivable on STCG arising from transfer of Equity shares of a Company or units of an Equity oriented fund is
a) 10%
b) 15%
c) 20%
Ans b
7. For an employee inward receipt of hostel expenditure allowance for his iii children, the maximum annual allowance exempt nether department 10(14) is
a) Rs.10, 800
b) Rs.7,200
c) Rs.9,600
d) Rs.3,600
Ans b
8. For an industrial task fulfilling the conditions, additional depreciation inward honour of a mechanism costing Rs.10 lakh acquired in addition to installed on Oct 3, 2005 is
a) Rs.75,000
b) Rs.1,50,000
c) Rs.1,00,000
d) None of the above
Ans c
9. Assessee is ever a mortal but a mortal may or may non endure an assessee.
a) True
b) False
Ans a
10. H5N1 mortal may non cause got assessable income but may nevertheless endure assessee.
a) True
b) False
Ans a
11. In to a greater extent than or less cases assessment twelvemonth in addition to previous twelvemonth tin give notice endure same fiscal year.
a) True
b) False
Ans a
12. A.O.P should consist of :
a) Individual only
b) Persons other than private only
c) Both the above
Ans c
13. Body of private should consist of :
a) Individual only
b) Persons other than private only
c) Both the above
Ans a
14. A novel trouble organization was ready on15-11-2008 in addition to it commenced its trouble organization from 1-12-2008.The
first previous twelvemonth inward this illustration shall be:
a) 15-11-2008 to 31-3-2009
b) 1-12-2008 to 31-3-2009
c) 2008-2009
Ans a
15. A mortal leaves Republic of Republic of India permanently on 15-11-2008.The assessment twelvemonth for income earned till
15-11-2008 inward this illustration shall be:
a) 2007-08
b) 2008-09
c) 2009-10
Ans b
16. Surcharge inward illustration of an private or HUF for assessment twelvemonth 2009-10 is payable at the charge per unit of measurement of :
a) 12% of the income-tax payable provided the total income overstep Rs.60,000.
b) 10% of the income-tax payable provided the total income exceeds Rs.10,00,000
c) 5% of the income-tax payable if the total income exceeds Rs.8,50,000
Ans b
17. Surcharge inward illustration of a theatre for assessment twelvemonth 2009-10 is payable at the rate:
a) 2.5% of income-tax payable
b) 5% of income-tax payable
c) 10% of income-tax payable
Ans c
18. The maximum amount on which income-tax is non chargeable inward illustration of theatre is:
a) Rs.1,00,000
b) Rs. 90,000
c) Nil
Ans c
19. The maximum amount on which income-tax is non chargeable inward illustration a co-operative society is:
a) Rs.50,000
b) Rs.30,000
c) Nil
Ans c
20. A local potency is taxable at apartment charge per unit of measurement of income-tax.
a) True
b) False
Ans a
21. H5N1 co-operative society is taxable at apartment charge per unit of measurement of 30% on TI.
a) True
b) False
Ans b
22. Education cess is leviable @:
a) 3%
b) 5%
c) 2.5%
Ans a
23. Education cess is leviable inward illustration of:
a) An private in addition to HUF
b) H5N1 companionship assessee only
c) All assesses
Ans c
24. In illustration of an private in addition to HUF teaching cess is leviable exclusively when the total income of such
assessee
a) Exceeds Rs.10,00,000
b) No income limit
Ans b
25. The TI of the assessee has been computed every bit Rs.2,53,494.90. For rounding off ,the TI volition be
taken as:
a) Rs.2,53,500
b) Rs.2,53,490
c) Rs.2,53,495
Ans a
26. Income taxation is rounded off to:
a) Nearest x rupees
b) Nearest 1 rupee
c) No rounding off of taxation is done
Ans a
27. A’s TI for the A.Yr.2009-10 is Rs.2,50,000.His taxation liability shall be
a) 10,000
b) 10,300
c) 11,330
Ans b
28. Residential status to endure determined for :
a) Previous year
b) Assessment year
c) Accounting year
Ans a
29. Incomes which accrue or arise exterior Republic of Republic of India but are received direct into Republic of Republic of India are taxable inward illustration of
a) Resident only
b) Both unremarkably resident in addition to NOR
c) Non-resident
d) All the assesses
Ans d
30. Income deemed to accrue or arise inward Republic of Republic of India is taxable inward illustration of :
a) Resident only
b) Both unremarkably resident in addition to NOR
c) Non-resident
d) All the assesses
Ans d
31. Income which accrue exterior Republic of Republic of India from a trouble organization controlled from Republic of Republic of India is taxable inward illustration of:
a) Resident only
b) Not unremarkably resident only
c) Both unremarkably resident in addition to NOR
d) Non-resident
Ans c
32. Income which accrue or arise exterior Republic of Republic of India in addition to also received exterior Republic of Republic of India taxable inward illustration of:
a) resident only
b) non unremarkably resident
c) both unremarkably resident in addition to NOR
d) none of the above
Ans a
33. TI of a mortal is determined on the footing of his:
a) residential status inward India
b) citizenship inward India
c) none
d) both of the above
Ans a
34. Once a mortal is a resident inward a P.Yr. he shall endure deemed to endure resident for subsequent P. Yr.
a) True
b) False
Ans b
35. Once a mortal is resident for a source of income inward a item P. Y r. he shall endure deemed to be
resident for all other sources of income inward the same P. Yr :
a) True
b) False
Ans b
36. R Ltd., is an Indian companionship whose entire command in addition to management of its affairs is situated
outside India. R Ltd., shall endure :
a) Resident inward India
b) Non-resident inward India
c) Not unremarkably resident inward India
Ans a
37. R Ltd., is registered inward UK of Britain in addition to Northern Republic of Ireland The command in addition to management of its affairs is situated inward Republic of Republic of India .R Ltd
shall endure :
a) Resident inward India
b) Non-resident
c) Not unremarkably resident inward India
Ans b
38. R, a unusual national visited Republic of Republic of India during previous twelvemonth 2008-09 for 180 days. Earlier to this he
never visited India. R inward this illustration shall be:
a) Resident inward India
b) Non-resident
c) Not unremarkably resident inward India
Ans b
39. An Indian companionship is ever resident inward India
a) True
b) False
Ans a
40. Dividend paid past times an Indian companionship is:
a) Taxable inward Republic of Republic of India inward the hands of the recipient
b) Exempt inward the hands of recipient
c) Taxable inward the hands of the companionship in addition to exempt inward the hands of the recipient
Ans c
41. Agricultural income is exempt provided the:
a) Land is situated inward India
b) Land is situated inward whatever rural expanse India
c) Land is situated whether inward Republic of Republic of India or exterior India.
Ans a
42. If the assessee is engaged inward the trouble organization of growing in addition to manufacturing tea inward Republic of Republic of India ,the
agricultural income inward that illustration shall be:
a) 40% of the income from such business
b) 60% of the income from such business
c) Market value of the agricultural create minus expenses on tillage of such produce
Ans b
43. Agricultural income is :
a) Fully exempt
b) Partially exempt
c) Fully taxable
Ans a
44. The partial integration of agricultural income, is done to compute taxation on:
a) Agricultural income
b) non agricultural income
c) Both agricultural in addition to non agricultural income
Ans b
45. There volition endure no partial integration of agricultural income with non agricultural income, if the
non agricultural income does non exceed:
a) Rs.1,50,000
b) Rs. 1,00,000
c) Rs.1,10,000
Ans a
46. There volition endure no partial integration, if the agricultural income does non exceed:
a) Rs.40,000
b) Rs.50,000
c) Rs.5,000
Ans c
47. H5N1 local potency has earned income from the provide of commodities exterior its own
jurisdictional area. It is :
a) Exempt
b) Taxable
Ans b
48. R, a chartered accountant is employed with R Ltd., every bit an internal auditor in addition to requests the employer to telephone vociferation upwards the remuneration every bit internal audit fee. R shall endure chargeable to taxation for such fee nether the head.
a) Income from salaries
b) Profit in addition to gains from Business in addition to Profession
c) Income from other sources.
Ans a
49. R, who is entitled to a salary of Rs.10,000 p.m. took an advance of Rs.20,000 against the salary inward the calendar month of March 2009.The gross salary of R for assessment twelvemonth 2009-10 shall be:
a) Rs.1,40,000
b) Rs.1,20,000
c) None of these two
Ans a
50. H5N1 is entitled to children teaching allowance @ Rs. lxxx p.m. per kid for 3 children amounting Rs. 240 p.m. It volition endure exempt to the extent of :
a) Rs.200 p.m.
b) Rs.160 p.m.
c) Rs. 240 p.m.
Ans a
51. R gifted his theatre belongings to his married adult woman inward 2000. R has allow out the theatre belongings @ Rs.5,000 p.m. The income from such theatre belongings volition endure taxable inward the hands of :
a) Mrs. R
b) R. However , income volition endure computed initiatory off every bit Mrs. R’s income in addition to thereafter clubbed inward the income of R
c) R every bit he volition endure treated every bit deemed possessor & liable to tax
Ans c
52. R transferred his theatre belongings to his married adult woman nether an understanding to alive apart. Income from such theatre belongings shall endure taxable inward the hands of :
a) R every bit deemed owner
b) R. However, it volition endure initiatory off computed every bit Mrs. R income & Thereafter clubbed inward the hands of R
c) Mrs. R
Ans c
53. R gifted his theatre belongings to his married pocket-sized daughter. The income from such theatre belongings shall endure taxable inward the hands of :
a) R every bit deemed owner.
b) R. However, it volition endure initiatory off computed every bit pocket-sized daughters income & clubbed inward the income of R.
c) Income of married pocket-sized daughter.
Ans c
54. H5N1 has 2 theatre properties. Both are self-occupied. The annual value of
a) Both theatre shall endure nil
b) One theatre shall endure nil
c) No theatre shall endure nil
Ans b
55. An assessee has borrowed coin for buy of a theatre & Interest is payable exterior India. Such involvement shall:
a) Be allowed every bit deduction
b) Not to endure allowed on deduction
c) Be allowed every bit deduction if the taxation is deducted at source
Ans c
56. Salary, bonus, committee or remuneration due to or received past times a working partner from the theatre is taxable nether the head.
a) Income from salaries
b) Other sources
c) PGBP
Ans c
57. Perquisite received past times the assessee during the shape of carrying on his trouble organization or profession is taxable nether the head.
a) Salary
b) Other sources
c) PGBP
Ans c
58. Interest on working capital missive of the alphabet or loan received past times a partner from a theatre is:
a) Exempt U/S 10(2A)
b) Taxable U/H trouble organization in addition to profession
c) Taxable U/H income from other sources
Ans b
59. Under the caput Business or Profession, the method of accounting which an assessee tin give notice follow
shall endure :
a) Mercantile organization only
b) Cash organization only
c) Mercantile or cash organization only
d) Hybrid system
Ans c
60. An property which was acquired for Rs. 5, 00, 000 was before used for scientific research. After the question was completed, the mechanism was brought into the trouble organization of the assessee. The actual cost of the property for the work of inclusion inward the block of property shall endure :
a) Rs.5,00,000
b) Nil
c) Market value of the property on the appointment it was brought into business
Ans b
61. H5N1 motorcar is imported later 1- 4- 2005 past times R Ltd. from London to endure used past times its employee. R Ltd. shall endure allowed depreciation on such motorcar at:
a) 15%
b) 40%
c) Nil
Ans c
62. Unabsorbed depreciation which could non endure set off inward the same assessment year, tin give notice endure carried forrard for:
a) 8 Years
b) Indefinitely
c) 4Years
Ans b
63. Certain revenue in addition to working capital missive of the alphabet expenditure on scientific question are allowed every bit deduction inward the previous twelvemonth of kickoff of trouble organization fifty-fifty if these are incurred:
a) Five years instantly before the kickoff of business
b) 3 years instantly before the kickoff of the business
c) Any fourth dimension prior to the kickoff of the business.
Ans b
64. If whatever amount is donate for research, such question should endure inward nature of:
a) Scientific question only
b) Social or statistical question only
c) Scientific or social or statistical research
Ans c
65. Preliminary expenses incurred are allowed deduction in:
a) 10 equal annual installments
b) v equal annual installments
c) full
Ans b
66. In illustration the assessee follows mercantile organization of accounting, bonus or committee to the employee are allowed every bit deduction on:
a) Due basis
b) Payment basis
c) Due footing but dependent plain to department 43B
Ans c
67. Interest on coin borrowed for the work of acquiring a working capital missive of the alphabet property pertaining to the catamenia later the property is set to work is to be:
a) Capitalized
b) Treated every bit revenue expenditure
Ans b
68. Expenditure incurred on buy of animals to endure used past times the assessee for the work of carrying on his business& profession is dependent plain to
a) Depreciation
b) Deduction inward the previous twelvemonth inward which brute dies or move permanently useless
c) Nil deduction
Ans b
69. Expenditure incurred on household unit of measurement planning alongside the employees is allowed to
a) Any assessee
b) H5N1 companionship assessee
c) An assessee which is a companionship or cooperative society
Ans b
70. Interest on working capital missive of the alphabet of or loan from partner of a theatre is allowed every bit deduction to the theatre to the extent of:
a) 18% p.a.
b) 12% p.a. fifty-fifty if it is non mentioned inward partnership deed
c) 12% p.a. or at the charge per unit of measurement mentioned inward partnership deed whichever is less.
Ans c
71. Deduction nether department 40(b) shall endure allowed on trouble organization human relationship of salary /remuneration paid to :
a) Any partner
b) Major partner only
c) Working partner only
Ans c
72. Remuneration paid to working partner shall endure allowed every bit deduction to a firm:
a) In full
b) Subject to limits specified inward department 40(b)
c) None of these two
Ans b
73. H5N1 theatre trouble organization income is goose egg /negative. It shall nevertheless endure allowed every bit deduction on trouble organization human relationship of remuneration to working partner to the maximum extent of:
a) Actual remuneration paid every bit specified inward partnership deed
b) Rs.50,000
c) Nil
Ans b
74. For mortal carrying on profession, taxation audit is compulsory, if the gross receipts of the previous
year exceeds:
a) Rs.50 lakhs
b) Rs.40 lakhs
c) Rs.10 lakhs
Ans c
75. Tax audit is compulsory inward illustration a mortal is carrying on trouble organization whose gross
turnover/sales/receipts, every bit the illustration may be, exceeds:
a) Rs. 10 lakhs
b) Rs. xl lakhs
c) 1 crore
Ans b
76. In illustration an assessee is engaged inward the trouble organization of civil construction, presumptive income scheme is applicable if the gross receipts paid or payable to him inward the previous twelvemonth does non exceed:
a) Rs.10 lakhs
b) Rs. xl lakhs
c) Rs. 50 lakhs
Ans b
77. In the aforesaid illustration ,the income shall endure presumed to endure :
a) 5% of gross receipts
b) 8% of gross receipts
c) 10% of gross receipts
Ans b
78. In illustration an assessee is engaged inward the trouble organization of plying hiring or leasing goods carriage, presumption income scheme nether department 44AE is applicable if the assessee is the possessor of maximum of :
a) 8 goods carriages
b) 10 goods carriages
c) 12 goods carriages
Ans b
79. In illustration an assessee is engaged inward the trouble organization of retail trade, presumptive income scheme is applicable if the total turnover of such retail merchandise of goods does non exceed:
a) Rs.10 lakhs
b) Rs.30 lakhs
c) Rs.40 lakhs
d) Rs.50 lakhs
Ans c
80. In the inward a higher house illustration the income to endure presumed nether department 44AF shall endure :
a) 8% of total turnover
b) 5% of total turnover
c) 10% of total turnover
Ans b
81. If the assessee opts for department 44AD or 44AF or 44AE,then the assessee shall:
a) Not endure entitled to whatever deduction nether sections xxx to 37
b) Be entitled to deduction nether sections xxx to 37
c) Not endure entitled to deduction nether sections xxx to 37except for involvement on working capital missive of the alphabet or loan from partner in addition to remuneration to a working partner dependent plain to weather condition set downward nether department 40(b)
Ans c
82. The catamenia of holding of shares acquired inward central of convertible debentures shall endure reckoned from:
a) The appointment of holding of debentures
b) The appointment of when the debentures were converted into shares
c) None of these two
Ans b
83. Securities transaction taxation paid past times the seller of shares in addition to units shall
a) Be allowed every bit deduction every bit expenses of transfer
b) Not endure allowed every bit deduction
Ans b
84. The cost inflation index release of the P.Yr.2008-09 is :
a) 480
b) 519
c) 551
d) 582
Ans d
85. Conversion of working capital missive of the alphabet property into stock inward merchandise volition consequence into working capital missive of the alphabet make of the previous year:
a) In which such conversion took place
b) In which such converted property is sold or otherwise transferred
c) None of these two
Ans b
86. Where a partner transfers whatever working capital missive of the alphabet property into the trouble organization of theatre ,the sale consideration of such property to the partner shall endure :
a) Market value of such property on the appointment of such transfer
b) Price at which it was recorded inward the books of the firm
c) Cost of such property to the partner
Ans b
87. Where the entire block of the depreciable property is transferred later 36 months, at that spot volition be:
a) Short-term working capital missive of the alphabet gain
b) Long-term working capital missive of the alphabet gain
c) Short-term working capital missive of the alphabet make or loss
d) Long-term working capital missive of the alphabet make or loss
Ans c
88. In the illustration of compulsory acquisition, the indexation of cost of acquisition or improvement shall endure done till the :
a) Previous twelvemonth of compulsory acquisition b) In which the total compensation received
c) In which business office or total consideration is received
Ans a
89. If skilful volition of a profession which is self generated is transferred, at that spot will:
a) Be working capital missive of the alphabet gain
b) Not endure whatever working capital missive of the alphabet make c) Be a short-term working capital missive of the alphabet gain
Ans b
90. Exemption nether department 54 is available to :
a) All assesses
b) Individuals only
c) Individual HUF.
Ans c
91. The exemption nether department 54 ,shall endure available:
a) To the extent of working capital missive of the alphabet make invested inward the HP
b) Proportionate to the cyberspace consideration cost invested
c) To the extent of amount genuinely invested
Ans a
92. The exemption u/s 54B, is allowed to :
a) Any assessee
b) Individual only
c) Individual or HUF
Ans b
93. For claiming exemption nether department 54B the assessee should acquire:
a) Urban agricultural land
b) Rural agricultural land
c) Any agricultural land
Ans c
94. New assets acquired for claiming exemption u/s 54, 54B or 54D,if transferred inside 3 years, volition consequence in:
a) Short-term working capital missive of the alphabet gain
b) long-term working capital missive of the alphabet gain
c) ST or LTCG depending upon master copy transfer
Ans a
95. Loss from a speculation trouble organization of a item A. Yr. tin give notice endure set off inward the same A. Yr. from:
a) Profit in addition to gains from whatever business
b) Profit in addition to gains from whatever trouble organization other than speculation business
c) Income of speculation business
Ans c
96. Loss nether the caput working capital missive of the alphabet make inward a item assessment twelvemonth can:
a) Be set off from other caput of income inward the same assessment year.
b) Be carried forrard c) Neither endure set off nor carried forward
Ans b
97. The loss is allowed to endure carried forrard exclusively when every bit assessee has furnished:
a) Return of loss
b) Return of loss before the due appointment mentioned u/s 139(1)
c) Or non furnished the render of loss
Ans b
98. Loss nether the caput income from theatre belongings tin give notice endure carried forward:
a) Only if the render is furnished before the due appointment mentioned u/s 139(1)
b) Even if the render is non furnished
c) Even if the render is furnished later the due date
Ans c
99. Deduction u/s 80C inward honour of LIP, Contribution to provident fund, etc. is allowed to :
a) Any assessee
b) An individual
c) An private of HUF
d) An private or HUF who is resident inward India
Ans c
100. Deduction nether department 80C is allowed from:
a) Gross total income
b) Total income
c) Tax on total income
Ans a
101. An assessee has paid life insurance premium of Rs.25,000 during the previous twelvemonth for a policy
of Rs.1,00,000.He shall:
a) Not endure allowed deduction u/s 80C
b) Be allowed Deduction u/s 80C to the extent of 20% of the working capital missive of the alphabet amount assured i.e.Rs.20,000
c) Be allowed Deduction for the entire premium every bit per the provisions of department 80C
Ans b
102. For claiming Deduction u/s 80C, the payment or deposit should endure made:
a) Out of whatever income
b) Out of whatever income chargeable to income tax
c) During the electrical flow twelvemonth out of whatever source
Ans b
103. Deduction nether department 80C shall endure allowed for :
a) Any teaching fee
b) Tution fee exclusive of whatever payment towards whatever evolution fee or donation or payment of
similar nature
c) Tution fee in addition to annual charges
Ans b
104. Deduction nether department 80CCC is allowed to the extent of :
a) Rs. 2,00,000
b) Rs. 1,00,000
c) Rs. 4,00,000
Ans b
105. Deduction nether department 80D inward honour of medical insurance premium is allowed to:
a) Any assessee
b) An private or HUF
c) Individual or HUF who is resident inward Republic of Republic of India d) Individual only
Ans b
106. Deduction u/s 80D is allowed if the premium is paid to :
a) Life insurance Corporation
b) General insurance Corporation or whatever other insurer approved past times IRDA
c) Life insurance or General insurance corporation
Ans b
107. The payment for Insurance premium nether department 80D should endure paid:
a) In cash
b) By whatever vogue other than cash
c) Cash/by cheque
Ans b
108. The quantum of deduction allowed nether department 80D shall endure express to:
a) Rs.20,000
b) Rs.10,000
c) Rs. 15,000
Ans c
109. Deduction U/s 80G on trouble organization human relationship of donation is allowed to:
a) H5N1 trouble organization assessee only
b) Any assessee
c) Individual or HUF only
Ans b
110. The maximum deduction u/s 80GG shall endure express to:
a) Rs. 1,000 p.m.
b) Rs. 2,000 p.m.
c) Rs. 3,000 p.m.
Ans b
111. Deduction u/s 80GGA inward honour of sure as shooting donation for scientific question or rural evolution is allowed to:
a) whatever assessee
b) non corporate trouble organization assessee
c) an assessee whose income does non include PGBP income.
Ans c
112. Deduction nether department 80DD shall endure allowed:
a) To the extent of actual expenditure/deposit or Rs.40,000 whichever is less
b) For a amount of Rs.50,000 irrespective of actual expenditure or deposit
c) For a amount of Rs.40,000 irrespective of whatever expenditure incurred or actual deposited
Ans b
113. The deduction u/s 80E is allowed for repayment of involvement to the extent of :
a) Rs.25,000
b) Rs.40,000
c) Any amount repaid
Ans c
114. The quantum of deduction allowed u/s 80U is :
a) Rs. 40,000
b) Rs. 50,000
c) Rs. 60,000
Ans b
115. As per Sec.139(1), a companionship shall cause got to file render of income:
a) When its total income exceeds Rs.50,000
b) When its total income exceeds the maximum amount which is non chargeable to income tax
c) In all cases irrespective of whatever income or loss earned past times it.
Ans c
116. The concluding appointment of filing the render of income u/s 139(1) for A. Yr. 2009-10 inward illustration of a company
assessee is
a) 30th Nov of the assessment year
b) 30th September of the assessment year
c) 31st July of the assessment year
d) 31st Oct of the assessment year
Ans b
117. The concluding appointment of filing the render of income u/s 139(1) for assessment twelvemonth 2009-10 inward illustration of a non corporate trouble organization assessee whose accounts are non liable to endure audited shall be:
a) 31st July of the assessment year
b) 30th June of assessment year
c) 31st Oct of the assessment twelvemonth d) 30th September of the assessment year
Ans a
118. For the P.Y. 2008-09 the trouble organization income of the assessee before providing C.Yr. depreciation of Rs. 3,50,000 is Rs. 1,50,000. His due appointment of render was 30-09-2009 but he submitted the render on 16-12-2009, the assessee inward this case:
a) Be allowed to acquit forrard unabsorbed depreciation of Rs. 2,00,000
b) Not allowed to acquit forrard unabsorbed depreciation of Rs.2,00,000
Ans b
119. K finds to a greater extent than or less fault inward the render of income submitted past times him on 05-06-2008 for assessment twelvemonth 2009-10, he wishes to revised such return. No assessment has been done inward this case. K tin give notice revise such render till:
a) 31-03-2009
b) 31-03-2010
c) 31-03-2011
Ans b