Which among the above statements are correct?
‘Ac, 2and 3 only
B:-2, 3and 4 only
CeAll of the above
Dei, 2and 4 only
Correct Answer:- Option-D
Question23:-What is the rate of surcharge on income tax applicable for individual in the
‘assessment year 2022-2023 where the total income exceeds rupees 50 lakh
but does not exceed rupees 1 crore?
۸96
2:596
20%
5:296
09۲۷۶١۲ ۸۳۰۸۷9۴۰ ‏۸۸ا05‎
‎Question24::Which of the following allowances is exempted under the head income from salary?
‘AcDeamess Allowance
B:-Foreign Allowance
C=City Compensatory Allowance
D-Deputation Allowance
Correct Answer:- Option ®
Question25::Which among the following statements are correct?
2. Rent collected in respect of staff quarters let out to employees is
assessable as income from house property
2. Income from house property owned by registered Trade Union is fully exempted
3. Income from subletting of a building is assessable as income from other sources.
‘Acland 3 only
B-Land 2 only
C2 and 3 only
D-All of the above
Correct Answer:- Option-C
Question26::What is the maximum period for the carry forward of long term capital loss?
‘Ad Assessment Years
B:-6 Assessment years
C8 Assessment years
D5 Assessment years
Correct Answer:- Option-C

‘Question27::What is the maximum deduction in respect of medical insurance premium
paid for a senior citizen?

AcRs. 25,000
B:-Rs. 30,000
0:8௨ 40,000
0:8௨. 50,000
Correct Answer:- Option-D

‘Question28::What is the maximum income limit for income tax exemption in case of
resident senior citizen for the assessment year 2022-20237

AcRS. 2,50,000
B:-Rs. 3,00,000
CRs. 3,50,000
०.१5. 4,00.000
Correct Answer:- Option ®

‘Question29::What is the result of ‘input tax deducted from tax collected on sales' under
GST System?

‘AsTax on Value Addition

B:Central GST