Home
SELF STUDY
BrowsePracticeTestsPlaylistDoubts & solutionsFree live classesOther courses

Taxation

Quick practice

Question 1 of 5

Which of the following individuals would be entitled to opt for presumptive taxation schemes under the Income- tax Act, 1961 for A.Y.2021-22?

  1. A retail trader having turnover of Rs. 2 crore during the previous year 2020-21
  2. A practicing CA having gross receipts of Rs. 92 lakhs during the PY 2020-21.
  3. A person having agency business & having turnover of Rs. 1.96 crore during the previous year 2020-21
  4. A doctor having gross receipts of Rs. 50 lakhs during the previous year 2020-21.
  5. Individual owning 8 goods carriages as on 1.4.2020. He sold 2 goods carriages on 1.5.2020 and purchased 4 goods carriages on 1.7.2020
A

(iii) & (v)

B

(i), (iv) & (v)

C

(i), (iii), (iv) & (v)

D

Only (iii)

Concepts

Get unlimited practice with CA Intermediate subscription

pick

Boost your performance with adaptive practice tests

pick

Practice every concept in the syllabus

pick

Compare your speed and accuracy with your peers

pick

Download the app and practice on the go