MCQ on Income from Other Sources
MCQ on income from other sources pdf
1. What is the maximum amount of deduction from family pension is…..
… Answer is B)
15,000
2. The aggregate value of monetary gift received during the previous year is exempted , if it
… Answer is A)
Doesn’t exceed 50,000
3. T.D.S. is not deducted on lottery income up to…..Amount
… Answer is A)
10,000
4. Income from others sources may be includes
… Answer is D)
All of the above
5. If I win from crossword puzzles, horse races, card games and lotteries . then rate of TDS……?
… Answer is C)
30%
6. The amount of dividend received from cooperative society is…..
… Answer is C)
Taxable
7. Gift received from My Wife is…..
… Answer is A)
Exempted
8. Income from others sources is known as…?
… Answer is B)
Residuary head of income
9. income from others sources is u/s …..
… Answer is A)
56
10. Interest on saving bank account is exempted up to…..
… Answer is C)
10,000
Income Tax MCQ for UGC NET – Income From Other Sources
Also Read :
Income Tax MCQ with answers / Multiple Choice Questions on Taxation with Answers :
- Income Tax MCQ QUIZ Set-1 (Basic Concept)
- Income Tax MCQ QUIZ Set-2 (Income from Salary)
- Income Tax MCQ QUIZ Set – 3 (Income from Salary)
- Income Tax MCQ QUIZ Set – 4 (Income from salary)
- Income Tax MCQ QUIZ Set – 5 (Income from Salary)
- Income Tax MCQ QUIZ Set – 6 (Income from House Property)
- Income Tax MCQ QUIZ Set – 7 (Income from House Property)
- Income Tax MCQ QUIZ Set – 8 (Income from House Property)
- Income Tax MCQ QUIZ Set – 9 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 10 (MCQ on Profit and Gain of Business or Profession)
- Income Tax MCQ QUIZ Set – 11 (MCQ on Income from Capital Gain)
- Income Tax MCQ QUIZ Set – 12 (Income from Capital Gains)
- Income Tax MCQ QUIZ Set – 13 (MCQ on Income from Other Sources)
- Income Tax MCQ QUIZ Set – 15 (Agricultural Income)
- Income Tax MCQ QUIZ Set – 16 (Set-off and Carry-forward of Losses)
- Income Tax MCQ QUIZ Set – 17 (Clubbing and Aggregation of Income)
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