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11th Standard English Medium Commerce Subject Direct Taxes Creative 1 Mark Questions with Solution Part - II

11th Standard English Medium Commerce Subject Direct Taxes Creative 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. Indian Taxation system was framed in Constitution of law in Article _____________Seventh Schedule.

    (a)

    146

    (b)

    246

    (c)

    248

    (d)

    249

  2. ________________exercises overall control over Administration of Taxes.

    (a)

    Income Tax Officer

    (b)

    Tribunal

    (c)

    CBDT

    (d)

    Finance Minister

  3. Normal  income Tax is prescribed by ___________every year.

    (a)

    Financial Minister

    (b)

    Finance Act

    (c)

    Finance Department

    (d)

    None of these

  4. Calculation of Gross Total income Section is__________ of IT Act.

    (a)

    80A

    (b)

    80B (5)

    (c)

    80C

    (d)

    80G (5)

  5. Which income is exempled from tax?

    (a)

    Capital gain

    (b)

    Lottery

    (c)

    Agricultural income

    (d)

    Deemed income

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