Income Tax - Quiz 6 Income Tax Law and Practice / UGC NET Commerce An individual who wants to be a resident of India must stay in India for at least U/S 6(1)(a)____. 182 days 180 days 730 days in four previous years Proceeds of benefit match received by a hockeyplayer are _____. Deductable income Professional income Casual income Perquisites and allowances paid to government employees posted abroad are____. Fully taxable Fully exempted Fully allowed Deduction in respect of expenditure on advertisements through articles for presentation will be allowed on the value of each article upto a limit of ______. ₹2000 per item ₹1000 per item Fully allowed Income tax is applicable to_____. Whole of India Whole of India except state of J & K Whole of India except the state of sikkim. The amount of exemption for running allowance is_____. 70% of such allowance or ₹ 3,000 p.m. 70% of such allowance or ₹ 10,000 p.m. whichever is less. Fully exempted. The term previous year means _______. The accounting period of the assessee Financial year before the assessment year Calendar year before the assessment year. Medical allowance received by an employee is ______. Fully taxable Fully exempt Exempted upto the amount of actual expenditure incurred on medical treatment. The term cash credits under income tax is ______. Refund of tax Deemed income Short term of bank credit Wealth tax is _______. Personal and direct tax Indirect tax A cess Compiled by Ms.N.Kesavi
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