C:-Income of daughter in law from an asset transferred to her without consideration
D:-Income of physically handicapped minor
Correct Answer:- Option-D
Question86:-Short term capital loss can be set off against
A:-Short term Capital gains
B:-Long term Capital gains
C:-Short term and Long term Capital gains
D:-None of the above
Correct Answer:- Option-C
Question87:-The following deductions are made to calculate the Gross Total Income of an assessee
A:-Sum paid to LIC under annuity plan
B:-Subscription to equity shares of a public company which is an eligible issue of capital approved by the Board
:-Brought forward losses
D:-Both (1) and (2)
Correct Answer:- Option-C
Question88:-Donations to the following cases are not fully deductible
A:-National Defence Fund
B:-ZilaSakshartaSamiti
C:-Swatch Bharat Kosh
D:-Prime Minister's Drought Relief Fund
Correct Answer:- Option-D
Question89:-The following income is fully considered as agricultural income
A:-Growing and manufacturing of tea
-Growing and manufacturing or rubber
C:-Sale of green tea leaves
D:-Sale of rubber processed from own rubber plants
Correct Answer:- Option-C
Question90:-The following statement is false
A:-Employer's contribution to the Recognized Provident Fund up to 12% of salary is not taxable
-Education Allowance is exempt up to Rs. 100 per child, maximum of two children
C:-Income on units of Mutual Fund is exempt up to 50%
D:-Donation to National Foundation for Communal Harmony is eligible for 100% deduction without limit
Correct Answer:- Option-C
Question91:-Imputed costs are
A:-Cost of replacing an old asset
-Cost which can be eliminated
C:-Cost which is a past cost
D:-Cost which is hypothetical
Correct Answer:- Option-D
Question92:-The following are tools for implementing Kaizen Costing

٠١ Stratification
॥. Pareto chart
॥. Cost Driver

IV. All of the above
A: and Ill
B:-ll and Ill
(:- 310 ॥
D:-IV
Correct Answer:- Option-C