Q.1.
What is NOT included in the income tax?
Q.2.
How do you calculate Net Tax?
Q.3.
Highest Administrative Authority for Income Tax in India is .
Q.4.
Which is NOT a taxable corporation?
Q.5.
A Standard deduction of _________ of the net annual value is allowed as deduction u/s 24.
Q.6.
When you are paid based on the hours/work completed.
Q.7.
Maximum deduction of interest on loan borrowed after 1.4.in case of self occupied house is:
Q.8.
An online retailer collectssales tax. If the sub total of the purchase is $76.then how much is collected for sales tax?
Q.9.
How do you calculate Gross Tax?
Q.10.
How do you calculate Net Income (Take Home Pay)?
Q.11.
Interest on pre construction period will be allowed in __________ equal annual instalments.
Q.12.
Tax before tax credits are removed
Q.13.
Maximum loss possible on self occupied house is
Q.14.
In most circumstances, which of the following persons can be claimed as a dependent on a Form W-4?
Q.15.
The income tax officer can impose a penalty of .................. on the concerned person if he possesses more than one PAN cards.
Q.16.
Temple property belongs to .............as per recent pronouncement of the Supreme court
Q.17.
By what date must employers provide, or place in the mail, a wage earner's W-2 statement?
Q.18.
Employees who are paid semi-monthly receivepaychecks per year.
Q.19.
A rebate is allowed to a tax payer whose chargeable income is ________.
Q.20.
For joint assessment, who can claim for medical expenses for parents?