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11th Standard English Medium Commerce Subject Direct Taxes Creative 2 Mark Questions with Solution Part - I

11th Standard English Medium Commerce Subject Direct Taxes Creative 2 Mark Questions with Solution Part - I

11th Standard

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Commerce

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10

  1. Why Income tax is called as direct tax?

  2. Define the term Income.

  3. State any four deductions allowable from gross total income under section 80 C?

  4. What do you mean by Tax?

  5. What is the reason for collecting tax?

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