Income Tax MCQ QUIZ Set – 13 (Income from Other Sources)

Spread the love

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 :

Author
Manturanjan Sa
Founder of Income TaxPe . Professionally a Lecturer, by passion a Writer, Dancer, lyricist. fitness lover. Also a social worker co-founder of Kartabya Foundation & Digital Entrepreneur.

Spread the love

Leave a Comment