According to Union Budget 2023-24, consider the following statements regarding the rationalization of Direct Tax:
1. Removing the minimum threshold of Rs10,000/- for TDS and clarifying taxability relating to online gaming;
2. Not treating conversion of gold into electronic gold receipt and vice versa as capital gain;
3. Reducing the TDS rate from 30 per cent to 20 percent on taxable portion of EPF withdrawal in non-PAN cases;
4. Taxation on income from Market Linked Debentures
Choose the correct statements:
There are a number of proposals relating to rationalization and simplification. Income of authorities, boards and commissions set up by statutes of the Union or State for the purpose of housing, development of cities, towns and villages, and regulating, or regulating and developing an activity or matter, is proposed to be exempted from income tax. Other major measures in this direction are: ●Removing the minimum threshold of ` 10,000/- for TDS and clarifying taxability relating to online gaming; ●Not treating conversion of gold into electronic gold receipt and vice versa as capital gain; ●Reducing the TDS rate from 30 per cent to 20 per cent on the taxable portion of EPF withdrawal in non-PAN cases; and ●Taxation on income from Market Linked Debentures.
Which of the following is NOT an example of capital receipt?
Which ICDS deals with Accounting Policies?
Under which section of the Income Tax Act, 1961, can an individual claim a deduction for the payment of Medical/Health Insurance Premium?
An entry with more than one debit or credit is known as
Government audit is conducted by the department maintained by government of India is known as:
Which of the following is considered as nominal account?
What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
While calculating the claim outstanding at the end, which claims are considered?
Standard Price (Standard Quantity – Actual Quantity) = ____________.
Who among the following was involved in Hawthorne Experiments at Chicago?