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Taxation

Taxation

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Q1. Which of these is/are good examples of non-agricultural income?
1. Dairy income
2. All of the above
3. Fishery
4. Mining
Q2. In which case is agricultural income is not calculated with non-agricultural income?
1. A and B
2. Individual income
3. Companies
4. Cooperative Society
Q3. The total of income earned by various heads is called:
1. Adjusted Income
2. Gross Income Total
3. Total Income
4. Taxable income
Q4. Which of these are suitable to describe income tax?
1. Indirect tax
2. All of the above
3. Direct tax
4. Corporate tax
Q5. What is agricultural income?
1. It is the income gained from renting land
2. It is the income gained from the sale of crops
3. It is the income gained from sale of land.
4. It is the income gained from sale of buildings.
Q6. If the income is related to land but does not include agricultural income, it is called:
1. All of the above
2. Income gained from royalty on mines
3. Income gained from mines
4. Income gained from purchaser of standing crops
Q7. Which of these is also called partly agricultural income?
1. Self-growing crops
2. Tea garden
3. All of the above
4. Nursery
Q8. How many heads are required to earn income?
1. 2
2. 3
3. 1
4. Any of the above
Q9. In taxation, the previous year is called:
1. Tax Calculated Year
2. Preceding year
3. Income Yearning Year
4. None of the above
Q10. In which of these cases is agricultural income considered when tax calculation is done?
1. When income more than 10,000 rupees.
2. When income is 5000 rupees
3. When income is 10,000 rupees
4. When income is more than 5000 rupees

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