INCOME FROM OTHER SOURCES
CHAPTER - 8
Sign in to Google to save your progress. Learn more
Email *
Ram received Rs. 8,000 by way of gift from friends upon retirement from service in a private company.  The amount of gift chargeable to income-tax would be *
10 points
Rakesh acquired a motor car for Rs. 3,00,000 from his friend (non-relative) when the fair market value of the motor car was Rs. 5,00,000. The amount liable to tax in the hands of Rakesh from the transaction is *
10 points
A lady received gifts worth Rs. 1,00,000 from her relatives as defined under the Income Tax Act, 1961 and Rs. 60,000 from her office colleagues on her marriage anniversary. The taxable amount of gifts would be *
10 points
Babu Lal won a prize of Rs.1,00,000 in Rajasthan State Lottery and Lottery Department paid him an amount of Rs.70,000 after deduction of tax at source of Rs. 30,000. He had purchased lottery tickets for Rs. 8,000. The amount chargeable to tax in the hands of Babu Lal under other sources shall be *
10 points
A member of Parliament received Rs. 1,50,000 per month as salary and Rs. 4,50,000 as daily allowances during previous year. The taxable amount will be *
10 points
Mr. Pankaj, a salaried employee, has taken a house on rent of Rs.12,000 p.m. which was sub- let by him for Rs. 15,000 p.m. He has incurred miscellaneous expenses in relation to sub-let of the house of Rs. 1,000. How much income from the sub-letting of house shall be taxable in the A.Y. where the house was taken on rent and also sub-let by him from 1st April onwards *
10 points
A copy of your responses will be emailed to the address you provided.
Submit
Clear form
reCAPTCHA
PrivacyTerms
This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy
Google Forms