Correct Answer:- Option-B
Question56:-Which of the following is a fully taxable allowance?
A:-Deputation Allowance
B:-House Rent Allowance
C:-Uniform Allowance
D:-Children Education Allowance
Correct Answer:- Option-A

Question57:-In the computation of Income from House property, Rule 4 is related to

A:-Pre-construction interest
B:-Un realised rent
C:-Local Tax paid by tenant
D:-None of these

Correct Answer:- Option-B

Question58:-Which of the following statement is correct about the computation of

pre-construction period?

A:-Period starts from the date of loan taken up to the end of financial year just

preceding the year in which the construction of house property has been
completed.

B:-Period starts from the date of loan taken up to the end of financial year just

preceding the year in which the date of repayment of loan.

C:-Period starts from the date of loan taken up to the end of financial year just
preceding the year in which the construction of house property has been completed

or the date of repayment of loan, whichever is earlier.

D:-Period starts from the date of loan taken up to the end of financial year just
preceding the year in which the construction of house property has been completed

or the date of repayment of loan whichever is later.
Correct Answer:- Option-C

Question59:-This of the following is leviable under both GST and central Excise.
A:-Tobacco products

B:-Processed food
C:-White goods
D:-Luxury goods
Correct Answer:- Option-A
Question60:-Which of the following is not true about composite supply?

A:-Supply made by taxable person to a recipient.

B:-Consisting of two or more taxable supplies of goods or services or both or

any combination thereof.

C:-Which are naturally bundled and supplied in conjunction with each other in