CA Inter Income Tax MCQs – Deductions From Gross Total Income

Question 1

Which of the following deductions cannot be availed, if the return is not filed on or before the due date specified u/s 139(1) ?

a) 80-I

b) 80-IAB

c) 80-IAC

d) 80-BA

Question 2

Deduction u/s 80C is not available, where the amount paid by an individual for insurance, is on the life of __________

a) His/ her spouse

b) Dependent parents

c) Independent son

d) Married daughter

Question 3

Deduction u/s 80CCD is allowed to an individual assessee who is employed by either any employer or __________

a) A Central government employee, employed before 01.04.2004

b) A Central government employee, employed before 01.04.2003

c) A Central government employee, employed on or after 01.01.2004

d) None of the above

Question 4

X Limited employed Pratyush and contributed certain amount to his pension fund. The maximum amount of deduction allowed u/s 80CCD(2) with respect to X Ltd.’s  contribution is ___________

a) Amount not exceeding 10% of salary of Pratyush in the previous year

b) Amount not exceeding 20% of salary of Pratyush in the previous year

c) 1,50,000

d) None of the above

Question 5

The maximum deduction allowable u/s 80EE for interest on loan for house property from financial institution for AY 2019-20 is _________

a) 50,000

b) 1,00,000

c) 1,50,000

d) 2,00,000

CA Inter Income Tax MCQs

• Income From House Property MCQs
• Income From Salaries MCQs
• Set Off and Carry forward of Losses MCQs
• PGBP MCQs
• Capital Gains MCQs
• ADVANCE TAX, TDS AND TCS MCQs
• Clubbing Of Income MCQs
• Income From Other Sources MCQs