Taxation - 12

Select The BlankQuestion For an individual as a citizen of India who leaves India in therelevant previous year for the purpose of employment has to be in India for________ days or more during previous year.Correct Answer 182Your Answer 182Multiple Choice Single AnswerQuestion The due date prescribed for filing the returns of income in FormNo. 2C isCorrect Answer 31st October of the respective Assessment yearYour Answer 31st October of the respective Previous yearMultiple Choice Single AnswerQuestion The payments for claiming the rebate u/s 88 should :-Correct Answer Be made out of the income chargeable to tax.Your Answer Be made out of the income chargeable to tax.Multiple Choice Single AnswerQuestion As per which provision and section, every person, company or anyother person shall furnish...

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Posted in: Taxation (Set IV)

Taxation - 11

LIST OF ATTEMPTED QUESTIONS AND ANSWERSSelect The BlankQuestion Monetory Limit for deduction for royalty income of authors under Section80QQB is Rs.________.Correct Answer 300000Your Answer 300000Multiple Choice Single AnswerQuestion Income from winning from lotteries / crossword puzzles/ horse races istaxed at flat rate of :-Correct Answer 0.3Your Answer 0.3Multiple Choice Single AnswerQuestion Income earned in previous year is subjected to tax in :-Correct Answer Assessment yearYour Answer Assessment yearMultiple Choice Single AnswerQuestion Mediclaim premium u/s Section 80D should be paid byCorrect Answer ChequeYour Answer Cheque or CashTrue/FalseQuestion Any sum payable by the assessee by way of tax, duty, cess or fee isallowed as deduction even though they are not actually paid.Correct...

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Posted in: Taxation (Set IV)

Taxation - 10

LIST OF ATTEMPTED QUESTIONS AND ANSWERSMultiple Choice Single AnswerQuestion Foreign allowance received by an Indian national is exempt if it is paid by:-Correct Answer Government of IndiaYour Answer Government of IndiaMultiple Choice Multiple AnswerQuestion For the purpose of section 80IA, the term eligible business means :-Correct Answer Developing, maintaining or operating any infrastructure facilitywhere the term infrastructure facility means a road (including a toll road, a bridge or arail system) or a highway project or a water supply project. , Developing, maintaining oroperating an industrial park or special economic zones notified by the CentralGovernment , Generation or distribution of powerYour Answer Developing, maintaining or operating an industrial park or specialeconomic zones...

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Posted in: Taxation (Set III)

Taxation - 9

LIST OF ATTEMPTED QUESTIONS AND ANSWERSMultiple Choice Multiple AnswerQuestion The entertainment allowance received by the Government employees isincluded in their salaries and the deduction is allowed to the extent of least of thefollowing amounts :-Correct Answer Actual amount of Entertainment Allowance received. , Rs. 5,000 ,1/5th of SalaryYour Answer Actual amount of Entertainment Allowance received. , Rs. 5,000 ,1/5th of SalaryTrue/FalseQuestion Income Tax Act, 1961 recognizes Written Down Value (WDV) method aswell as straight line method for the computation of depreciation u/s 32 this act.Correct Answer FalseYour Answer FalseMultiple Choice Multiple AnswerQuestion Profits earned by an Industrial Undertaking engaged in other thaninfrastructure development is available under Section 80IB...

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Posted in: Taxation (Set III)

Taxation - 8

Multiple Choice Single AnswerQuestion As a general principle, the Basic Salary or Wages, DearnessAllowance and Bonus / Commission is :-Correct Answer Fully taxable.Your Answer Fully taxable.Select The BlankQuestion If assessee owns more than one house properties, he can get benefitof nil annual value for any one house property ________.Correct Answer As per his choiceYour Answer As per his choiceTrue/FalseQuestion Any recreational facility provided by the employer to a group ofemployees (not being restricted to a select few employees) is notexempt from tax.Correct Answer FalseYour Answer FalseMultiple Choice Multiple AnswerQuestion What are the types of Provident Fund?Correct Answer Statutory Provident Fund , Recognized Provident Fund ,Unrecognized Provident FundYour Answer Statutory Provident...

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Posted in: Taxation (Set II)

Cases in Marketing Management - 10

LIST OF ATTEMPTED QUESTIONS AND ANSWERS True/False Question This question is from the case study "Mr. Atul & Mr. Bhaskar" : Atul felt that freedom to workers means calling for indiscipline. Correct Answer False Your Answer True True/False Question This question is from the case study "Ice-Kool" : Studying consumer behavior is important to any business. Correct Answer True Your Answer True Select The Blank Question This question is from the case study "Ray Ltd." : The ________ was to be improved to protect chocolate from melting. Correct Answer Packaging Your Answer Packaging Multiple Choice Single Answer Question This question is from the case study "Chap-pals" : Current competition of Chap-pal is :- Correct Answer Leather shoose Your Answer Hawaii Multiple Choice Multiple...

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Posted in: Cases in Marketing Management(Set-3)

Cases in Marketing Management - 8

Top of Form LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question This question is from the case study "Mr. Ramrao Panase" :The sales rep of the company did not recommend the termination of Sujata & Anil because :- Correct Answer The demand may get disturbed Your Answer They had good reputation in market Match The FollowingQuestionCorrect AnswerYour AnswerIn initial years the concentration is inNorthern reagionWestern reagionThis question is from the case study "Switchex Company" : Switchex company manufacturesEntire range of awitchgear productsEntire range of awitchgear productsPricing strategyLower than the competitors by 8-10%Lower than the competitors by 8-10%Its Pune office headed byMr. PatilMr. Patil Multiple Choice Multiple Answer Question This question...

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Posted in: Cases in Marketing Management(Set-3)