Are you searching for INCOME TAX model questions previous years important questions? You will find here GITAM University May 2015 question paper for this INCOME TAX subject coming under III Year course of B.Com.
GITAM University
Exam Paper: May 2015
[CUDCO-306A]
B.Com. Degree Examination
III YEAR
INCOME TAX
(Effective from the admitted batch 2012-13)
Time: 3 Hours Max.Marks: 70
Instructions: All parts of the unit must be answered in one place only. Figures in the right hand margin indicate marks allotted.
Answer the following questions (15×1=15)
1) The Tax burden can be shifted
a) Direct Tax b) Indirect Tax c) Income Tax
2) Which section 30% standard deduction on NAV?
a) U/S 25 b) U/S 26 c) U/S 24
3) How many states introduced in VAT system?
a) 20 b) 22 c) 21
4) How many sections are there in Income Tax Act.?
a) 298 b) 299 c) 300
5) How much % of tax charged exceeds ` 50 lakhs on wealth?
a) 1% b) 2% c) 3%
6) Income from playing cards in ____
a) Casual Income b) Business Income c) Professional Income
7) Actual Rental Value means:
a) Rent received from tenant b) Rent received from Assessee c) Rent received from person
GITAM University
Exam Paper: May 2015
[CUDCO-306A]
B.Com. Degree Examination
III YEAR
INCOME TAX
(Effective from the admitted batch 2012-13)
Time: 3 Hours Max.Marks: 70
Instructions: All parts of the unit must be answered in one place only. Figures in the right hand margin indicate marks allotted.
Answer the following questions (15×1=15)
1) The Tax burden can be shifted
a) Direct Tax b) Indirect Tax c) Income Tax
2) Which section 30% standard deduction on NAV?
a) U/S 25 b) U/S 26 c) U/S 24
3) How many states introduced in VAT system?
a) 20 b) 22 c) 21
4) How many sections are there in Income Tax Act.?
a) 298 b) 299 c) 300
5) How much % of tax charged exceeds ` 50 lakhs on wealth?
a) 1% b) 2% c) 3%
6) Income from playing cards in ____
a) Casual Income b) Business Income c) Professional Income
7) Actual Rental Value means:
a) Rent received from tenant b) Rent received from Assessee c) Rent received from person
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