Tax Book 2023

Income From Other Sources Chapter- 13

MULTIPLE CHOICE QUESTIONS

Q.1. Income from dividend received by a salaried person is taxed under ___.

(a) SBI under FTR

(b) FTR

(c) NTR

(d) both a and b

Q.2. Prize on winning a quiz is taxable under the ___.

(a) FTR

(b) NTR

(c) SBI under FTR

(d) all of above

Q.3. Examination fee and paper checking fee received by Government employees is taxable under _____.

(a) Income from salary

(b) income from other sources

(c) None of a and b

Q.4. __ of the amount received by the tenant for vacating the possession of any building, less
amount paid for taking the possession is chargeable to tax in the year of receipt under the head
income from property.
(a) 1/10th
(b) 1/5th
(c) 1/3rd
(d) None of above

Q.5. Amount received by tenant to vacate the possession of property is chargeable to tax in
_____years in unequal proportions.
(a) 5
(b) 10
(c) 20
(d) none of the above

Q.6. An amount equal to __is allowed as deduction for expenditure incurred exclusively for deriving
income under income from other sources.
(a) Calculated on proportionate basis
(b) calculated at an average rate
(c) whole amount of expenditure
(d) None of the above

Q.7. Dividend income and profit on PLS account received by an individual or AOP although covered under
the head income from other sources but the same is chargeable to tax under __.
(a) SBI under FTR
(b) NTR
(c) FTR
(d) SBI under NTR