Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Taxation Quiz 12 (20 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Which amongst the following is not a head of Income?
2. Under a progressive income tax, who would pay the largest proportion of her income in taxes?
3. The federal income tax is a
4. The Stamp Duty rate in effect from January 1 2021 is
5. Tax exemption in Life Insurance is
6. Charging Section of PGBP
7. NPS deduction under section 80CCD is
8. The goal of tax planning generally is to
9. The idea that the collection of taxes shouldn't take too much time or money.
10. Expenditure incurred by a company for the purpose of promoting family planning among its employees, being of a capital nature
11. Placing a stamp on an item showed that the tax had not been paid for the item
12. A teacher at the school may deduct his home loan before calculating tax.
13. A tax the government collects when a person dies and is often called a "death tax"
14. What is not included in the tax credit is
15. What tax people pay out of their salaries?
16. The principles of a sound tax system which means that the sources of revenue should be sufficient to meet the demands of public expenditures.
17. A company may be not ordinarily resident in a year
18. A tax paid on property, sales transactions, imports, and so on is a/an .....
19. Income Tax is administered by
20. GST was implemented in India from
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books