Information systems and engineering economics MCQs | Page - 21

Q. 201) For an employee in receipt of hostel expenditure allowance for his three children, the maximum annual allowance exempt under section 10(14) is

Q. 202) For an industrial undertaking fulfilling the conditions, additional depreciation in respect of machinery costing Rs.10 lakh acquired and installed on October 3, 2005 is

Q. 203) A.O.P should consist of :

Q. 204) Body of individual should consist of :

Q. 205) A new business was set up on15-11-2008 and it commenced its business from 1-12-2008. The first previous year in this case shall be:

Q. 206) A person leaves India permanently on 15-11-2008.The assessment year for income earned till 15-11-2008 in this case shall be:

Q. 207) As per section 30, which expenditure incurred for a building used for the business or profession shall not be allowed as deduction?

Q. 208) Group of assets falling within a class of assets comprising of tangible & intangible assets is known as :

Q. 209) Depreciation available, if the asset is used for less than 180 days during the year of acquisition shall be of block rate:

Q. 210) If the Plant & Machinery is used for less than 180 days in the year of its acquisition, then, at what rate the depreciation on that asset should be provided under section 32?