WHAT IS THE MAXIMUM DEDUCTION AMOUNT ALLOWED U/S 80 TTB OF INCOME TAX ACT,1961.

ACCOUNTING AND FINANCE PRACTICE

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University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
10000
150000
50000
25000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHAT DOES AS 9 DEALS WITH ?
Revenue Recognition
Foreign Exchange
Property Plant and Equipment
Inventory
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHICH OF THE FOLLOWING PERSON CANNOT GET REGISTERED UNDER SECTION 10 OF CGST ACT,2017.
Trader of Clothes
Manufacturer of Plastic
Resturant Service provider.
Manufacturer of Ice Cream
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the Maximum Amount of ITC Claimable?
The Total GST paid on purchase
The Amount of GST auto populated in GSTR 2A/2B
The Amount of GST auto populated in GSTR 2A/2B along with the manually added purchased .
The GST amount used for purchasing inventory for business
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
WHICH OF THE FOLLOWING PERSON CAN DO AUDIT OF A COMPANY
A CA PARTNERSHIP FIRM
A COMPANY PROVIDING CA SERVICES
A CS APPOINTED BY THE GOVERNMENT
A PRACTICING CMA
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A person receives an increment of salary retrospectively from the PY 2011-12 in the PY 2022-23. Due to this, he requires to pay an extra tax of Rs 25000. Which Section of the Income Tax Act can he opt to save the said tax?
Section 87A
Section 89
Section 88
Section 90
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Mr A has 3 children. A son aged 10 years and 2 twin daughters aged 6years. He received an educational allowance of Rs 100 per month for each child. What is the amount of exemption available to him in this case during the relevant PY?
Rs 3600
Rs 2400
Rs 1200
Rs 200
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