If you are here to get the important questions of ECO 11 to score more than 90% in the exam then I would like to let you know that you guys are in the right place. Even if you are from any session, January or July, these questions will be very much important for you all.
How can you be so sure that these questions will surely come in exams?
IGNOU always repeats the questions in every exam and if you download previous 10 years question papers, you will find that these are the most common questions that have been repeated in exams by IGNOU.
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Questions:
1.
What
is regarded as “Income”?
2.
When
previous year and Assessment year are same?
3.
How
to determine the resident of an individual?
4.
What
are the provisions regarding incidents of taxes with the relationship of
residential status?
5.
How
to compute Allowance under the head salary under income tax act 1961?
6.
What
is “Perquisite”? When is it taxable?
7.
How
to perquisite taxable in all categories?
8.
Define
profit in Lieu of Salary u/s 17(3).
9.
What
are the treatments of retirement benefits under the head salary?
10.What is the basis of charge under
the head IFHP (US22)?
11.Define deemed Ownership u/s 27(i).
12.How Gross Annual Value is
determined?
13.How to compute taxable income
from self-occupied property?
14.What are Capital Assets?
15.What are the types of Capital
Assets?
16.How to compute Index Cost of
Improvement?
17.What is the treatment of Dividend
under Income from Other Sources?
18.How to compute tax liability of Winnings
from Lotteries, Crossword Puzzles, Horse Race and Card games u/s 56(2)(b)?
19.How to compute tax liability of
Interest on Securities U/S 56 (2)(D)
20.How to compute Grossing up of
Income?
21. What doo you mean by Clubbing of
Income under Income tax act 1961?
22.How the income according to
income tax act be set off and carry forward?
23.What are the deductions available
under Section 80 from given total income?
24. Define Agriculture Income
(Section 10(1)).
25. “Exemption of amount received by
an individual as loan under reverse mortgage scheme [Scheme 10(43)]” Explain.
Guys please read the questions carefully so that you do not miss out any important questions.
Good Luck for your Exams Students 😉😉😉