Income Tax Quiz | Income Tax Awareness Quiz Competition | Income Tax Quiz With Answer | Free Quiz With Free Certificate | Income Tax Awareness Online test | Income Tax Certificate Free |
“Online Quiz on Income Tax Awareness” is organizing by the Department of Commerce Govt. Girls College Dhar (M.P.)* participate in this quiz and get a free certificate
How To Participate In This Quiz
- First, go to the link below: Click here
- After a form will open in front of you
- Now fill in the complete information requested in the form
- After filling the information, complete the quiz
- now submit the form
- Certificates will be issued in your email if not check your spam box
Quiz Answer:
1. Income Tax Act was passed in the year *
Ans: 1961
2. Income tax rates are fixed in *
Ans: Finance Act
3. As per Income tax Act, Person includes *
- Individual
- HUF
- Local Authority
- All of the above
Ans: Income tax Act
4. Salary is defied as per section *
Ans: 17(1)
5. Agricultural income in Pakistan is assessable for *
Ans: Resident
6. Pension is taxable under ……………………..head *
Ans: Salary
7. Circulars and Notifications are binding on the *
Ans: Income Tax Authorities
8. The following shall not be regarded as capital asset *
Ans: Rural Agricultural land
9. Long-term Capital Loss can only be set off against *
Ans: Long-term capital gain
10. Payment of LIC premium can be claimed as deduction u/s _______. *
Ans: 80 C
11. Rate of Health & Education cess is ___________. *
Ans: 4%
12. The highest Administrative Authority for Income Tax in India is………… *
Ans: CBDT
13. PAN stand for: *
Ans: Permanent Account Number
14. Donation is deductible u/s ……………… *
Ans: 80G
15. Income tax is a form of ……………………..tax *
Ans: Direct tax
16. Income of a minor child is exempted up to *
Ans: 1500
17. Section 80C provides for deduction in respect of tuition fee to …………………..children. *
Ans: Two
18. When a receipt is determined as Capital Receipt or Revenue receipt. *
Ans: At the time it is received
19. Salary received by a member of parliament is. *
Ans: Taxable as income from other sources.
20. Maximum deduction under section 80C is Rs: *
Ans: 150000