Do not copy while answering , PLease use your own words with proper explanation.Thanks

1. Area 115JB identifies with

a. Weight Tax

b. Corporate Dividend Tax

c. Least Alternative Tax

d. GST

2. The Income Tax Act came into power from _______________

a. first March 1971

b. first April 1971

c. first March 1961

d. first April 1962

3. An assessee paid protection premium against danger of harm or annihilation of stocks or stores

utilized for the motivations behind his business or calling. Such consumption will be considered as

a. Income consumption

b. Capital use

c. Conceded income consumption

d. Illicit consumption

4. _______________ is the easygoing pay.

a Interest got

b Dividend pay

c Pension got

d. Winning from lotteries

5. Annuity is _______________ under the compensation head.

a. Completely available

b. Mostly available

c. Not available

d. Nothing from what was just mentioned

6. pay of Member of Parliament is available under the head _______________

a. Pay

b. Pay from Other Sources

c. Pay from Business

d. The entirety of the abovementioned

7. The compensation, compensation or remuneration got by the accomplices is available under the head -

a. Pay from Other Sources

b. Pay from Business

c. Pay

d. Nothing from what was just mentioned

8. As per the arrangements of Section 17(1) of Income Tax Act, 1961, the term pay

incorporates _______________

a. Any annuity or benefits

b. Any tip

c. Any expenses, commission, perquisite or benefits in lieu of or notwithstanding any compensation orwages

d. The entirety of the abovementioned

9. Under the Income-charge Act, 1961, 'notional benefit' from speculative business is -

a. Available under the head 'pay from benefits and gains of business and calling

b. Available under the head 'pay from other ' sources'

c. Available either as pay from different sources or as pay from benefits and gains of business

furthermore, calling

d. Not available.

10. The books of records are to be kept and kept up for a time of how long from the end of the significant evaluation year.

a. 6 years

b. 5 years

c. 8 years

d. Limitless period