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Taxation - IMPORTANT QUESTIONS

Income Tax Act, 1961 is an act to levy, administrate, collect & recover Income-tax in India. It came into force from 1st April 1962. ... A person also has to keep track of his TDS deducted while calculating his final tax liability at the end of the year.






TAXATION SHORT IMPORTANT QUESTIONS

  1. PERQUISITE

  2. TOTAL INCOME

  3. INCOME

  4. ANNUAL VALUE OF HOUSE PROPERTY

  5. VAT

  6. NET WEALTH

  7. DEBT OWED

  8. AUTHORIZED UNDER M-FAT ACT 2002

  9. AGRICULTURE INCOME

  10. SALARY

  11. ASSESSMENT YEAR

  12. INCOME

  13. RESIDENTIAL AND NON-RESIDENTIAL STATUS

  14. ASSET

  15. EXAMPLE THE NON RESIDENTIAL STATUS

  16. DEFINE THE TERM BUDGET PREVIOUS YEAR, FINANCIAL YEAR AND ASSESSMENT YEAR

  17. EXAMPLE THE CONCEPT OF TAXATION DIRECT SOURCE TDS

  18. ADVANCE TAX

  19. VALUATION DATE OF WEALTH TAX

  20. ASSESSE

  21. HEIRLOOM JEWELRY

  22. COMPUTATION OF INCOME

  23. DEEMED ASSETS UNDER WEALTH TAX ACT

  24. ADVANCE PAYMENT OF TAX

  25. BEST JUDGEMENT ASSESSMENT

  26. CONCEPT OF TAX EVASION AND ORDNANCE PERMANENT ACCOUNT NUMBER

  27. METHOD OF VALUATION OF GRATUITY

  28. ACCOUNTING YEAR OR FINANCIAL YEAR

  29. INTER STATE SALE OF A GOOD

  30. PERSON AND ASSESSE

  31. REVENUE RECEIPT AND CAPITAL RECEIPT

  32. LONG TERM CAPITAL GAIN OR SHORT TERM CAPITAL GAIN

  33. SET OFF OF LOSSES AND CARRY FORWARD OF LOSSES

  34. DOUBLE TAXATION RELIEF

  35. TAX RECOVERY OFFICER

  36. TAX IDENTIFICATION NUMBER

  37. WEALTH TAX AUTHORITY

TAXATION LONG IMPORTANT QUESTIONS

  1. Historical development of taxation system in india

  2. Clubbing of income under income tax act 1961

  3. Assessment for kind of assessment

  4. Function of income tax authorities

  5. Any 8 income which do not form part of total income as a prescribed under the section 10 of income tax act

  6. Section 5 under wealth tax act 1957

  7. Power and function under the Maharashtra value added tax act 2002

  8. Constitutional power of taxation

  9. Various head of income tax income tax act 1957

  10. Deduction allowable in computing the income from house property

  11. Total income computed under the head of salary with deduction allowed their form

  12. Deemed asset under section 4 of wealth tax act 1957

  13. Best judgement assessment under section 144 of IT act

  14. 10 type of income under the section 10 of the IT act

  15. Define salary and allowances any four taxable prerequisite

  16. Permissible deduction under section 24

  17. Annual letting value under section 23





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