Income Tax Law and Practices

M

Mr. Dubey • 51.17K Points
Coach

Q 51. Deduction under section 80 D is subject to

(A) 25,000
(B) 50,000
(C) 70,000
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 52. .Deduction under section 80D is available on

(A) Health Insurance Premium
(B) Life Insurance Premium
(C) Education Insurance Premium
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 53. Maximum deduction under section 80CCE is subject to a maximum of

(A) Rs. 5,00,000.
(B) Rs.2,00,000.
(C) Rs.1,00,000.
(D) Rs.1,50,000.
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M

Mr. Dubey • 51.17K Points
Coach

Q 54. Deduction under section 80 CCD is available to investment made in the fund of

(A) State government
(B) Deemed government
(C) Centralgovt.
(D) None of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 55. Deduction under section 80 C is available for investments in

(A) Unit link insurance plan
(B) LIC
(C) Statutory provident fund
(D) All of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 56. Dearness allowance is taxable in the handsof.................

(A) Govtemployees
(B) Non Govtemployees
(C) Allemployees.
(D) None ofthese.
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M

Mr. Dubey • 51.17K Points
Coach

Q 57. Which of the following is not included in salaryincome.

(A) Commuted pension
(B) Un commuted pension
(C) Family pension
(D) Leave salary
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M

Mr. Dubey • 51.17K Points
Coach

Q 58. Pension is taxable under_head.

(A) Salary
(B) House property
(C) Capital gains
(D) other sources
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M

Mr. Dubey • 51.17K Points
Coach

Q 59. The periodic payment of money for the past service is known as........................

(A) Gratuity
(B) Pension
(C) Commuted pension
(D) Leave salary
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M

Mr. Dubey • 51.17K Points
Coach

Q 60. Gratuity received by a government employee is.......................

(A) Fully exempted
(B) Partly exempted
(C) Fully taxable
(D) Exempted up toRs:1,00,000
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