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No. of Questions: upto 20
Time limit: 300 Seconds
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#1. As a part of various relief measures (due to covid-19 effect ) announced by the Government on 13th may 2020, TDS and TCS rates are reduced upto 31-3-2021 for non-salaries payments by.........................
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#2. W.e.f 1-4-2020, Dividend is taxable in the hands of shareholders and dividend payment above Rs. ...................is subject to TDS @10% (@7.5% upto 31-3-2021) u/s 194.
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#3. Which budget proposed to remove section 10(38), and introduced 10% (without indexation) tax on long term capital gains (exceeding Rs. 1 lakh) arising from the transfer of equity shares of units of equity oriented Mutual fund?
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#4. In FY 2020-21, An option of reduced tax rates is provided u/s 115BAC to Individual & HUF, but in new slab rate which of the following is not considered:-
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#5. Initial Maturity period of Public Provident Fund(PPF) is ..............................
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#6. To opt for the Special slab rates U/s 115BAC for new tax regime, which of the following benefits need not be forgone by the taxpayers:-
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#7. What is the applicable tax rate for short-term capital gain from equity oriented mutual fund for FY 2020-21.
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#8. Standard deduction from salary income were re-introduced from which budget?
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#9. If advance tax is not applicable to me, then what is the due date for payment of income tax for FY 2019-20?
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#10. For FY 2020-21, What is total income maximum limit for availing benefits of rebate u/s 87A?
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#11. In non-audit cases, Due date for filing of ITR for FY 2019-20 is extended upto...............
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#12. what is maximum limit of deductions available section 80C like LIC premium, contribution to PF etc.
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#13. I am aged 82 years NRI having total income Rs. 40 Lakh and I have opted for OLD slab rate regime for FY 2020-21, for calculation of income tax, what is basic exemption limit available to me:-
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#14. Prime minister Narender modi, unveiled .......................on 13th may 2020, outlining rights & duties of an honest taxpayer, commitment of tax department and expectations from the taxpayers and launched the platform 'Transparent Taxation-Honoring the honest'.
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#15. I am 35 years old and My income is above basic exemption limit, I have earned Rs. 15000 as interest in saving bank account in FY 2019-20. Is it taxable .?
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#16. What is the maximum money, an individual can deposit in Public Provident Fund (PPF) account in a year?
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#17. As per section 285BA of Income tax act, A banking company or co-operative bank is required to report cash deposits to Income tax authorities in Annual information report (AIR), if aggregate cash deposit in one or more account of a person (excluding current account and time deposits) in a financial year is Rs. ............................................
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#18. An individual is liable to file Income tax return (ITR) if------------------------------
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#19. I am a senior citizen, during FY 2019-20 my income is above basic exemption limit, further I have earned Rs. 60000/- as interest from Fixed deposit , is it taxable?
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#20. From which FY, Dividend distribution tax (DDT) is abolished and dividend income is made taxable in directly in the hands of shareholders:-
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