Sales Tax Officer 14

66 The expression ‘Annual Value’ is in respect of
(a) capital gains (b) salary (c) house property (d) professional income

67 (1) sec. 56 (income from other sources) does not apply to income which is not includable in the total income of the assessee at all
(2) Practice of accountancy cannot override Sec. 56 or any other provision
(a) both (1) and (2) are right (b) both (1) and (2) are wrong
(c) (1) is right and (2) is wrong (d) (1) is wrong and (2) is right

68 Depreciation is related to
(a) salary (b) house property (c) profits and gains of business or profession (d) capital gains

69 (1) Standard deduction is now not in application
(2) Income tax rebate is still in application
(a) both (1) and (2) are right (b) both (1) and (2) are wrong
(c) (1) is right and (2) is wrong (d) (1) is wrong and (2) is right

70 (1) All taxes are direct taxes
(2) No taxation without legislation
(a) both (1) and (2) are right (b) both (1) and (2) are wrong
(c) (1) is right and (2) is wrong (d) (1) is wrong and (2) is right