Direct tax is a distinct form of tax imposed on the service, transaction, or property. If you're an accountancy student, then our ' Direct taxation quiz questions and answers ' will delight you! Our super cool quiz can be used as an excellent way to prepare for the exams. Please read the questions carefully before answering. All the questions are designed in such a way that they will make you think and learn new interesting concepts. Get ready to learn and have fun with this quiz! You can even play this quiz with your friends for an excellent learning time. Keep studying and learning! Good Luck!
Dividend from investment;
Sale of technological know- how;
Compensation received for compulsory evacuation of place of business
A non-resident business firm which shipped goods on 1.5.210 at Visakhapatnam Port in Andhra Pradesh
An employee left India to USA on 1.8.2010 with no intention of returning
ABC firm which discontinued its business on 1.9.2010
An employee-assessee of a University who worked during 1.4.09 to 30.03.2010
Actual cost less depreciation @ 30% for every completed year under straight line method
Actual cost less depreciation @ 20% for every completed year under WDV method
Actual cost less depreciation @ 30% for every completed year under WDV method
Actual cost less depreciation @ 20% for every completed year under SLM method.
Travel concession to employee
Remuneration received for valuation of answer scripts
Encashment of leave salary whilst in service
Perquisites in India
Exempt under Section 10.
Taxable under the head income from house property.
Taxable as business income, as the letting out is a commercial activity
Taxable as income from other sources, unless the assessee is in the business of subletting properties on a regular basis.
All of the above
Other source income
None of the above
All of the above
Here's an interesting quiz for you.