Reciept of amount on maturity of LIC policy is ……………. .
A) a revenue receipt
B) capital receipt
C) a casual receipt
D) fixed receipt
Correct Answer:
Verified
Q4: Deduction of tax at source made for
Q5: Donation is deductible under section
A)80C
B)80D
C)80E
D)80G
Q6: Education cess on tax payable is at..
A)2%
B)1%
C)3%
D)5%
Q7: The income tax rate on long term
Q8: When a receipt is determined as capital
Q9: STT stands for
A)securities transaction tax
B)secure transaction tax
C)securities
Q10: Who is tax payer?
A)business man
B)trust
C)assessee
D)govt employee
Q12: Income by way of rent of agricultural
Q13: The highest administrative authority for income tax
Q14: Tonnage tax is based on …………………... .
A)net
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