Income Tax Act – Basic – eLearningGang

Welcome to Income Tax Act - Basic MCQs.

DATE : December 15, 2024.

Note : All Questions are compulsory & only 2 attempts are allowed.

Correct Answer : 2 points; Incorrect Answer : - 1 point ( Lets make it tough).

Dividend paid by an Indian Company outside India is :

Taxable in the hand of company and exempt in the hands of the recipient

Taxable in the hands of recipient

Exempt to everyone

Exempt in the hand of company and taxable in the hands of the recipient

Incomes which are deemed to accrue or arise in India is taxable in case of :

All the assessees

Ordinarily Resident

Non Resident

Resident but Not Ordinarily Resident

In case of a HUF, The maximum amount on which Income tax is not chargeable for the assessment year 2017-18 :

Rs. 2,50,000

Rs. 2,00,000

1,80,000

NIL

A Karta holds very distinctive position in the ____ .

Partnership Firm

Hindu Undivided Family

Indian Company

Sole Proprietor

The circulars notified by CBDT are binding on :

Assessee

Income Tax Authorities

All of the Above

None of the Above

Manpreet Singh, a foreign national visited India for the first time during previous year 2016-17 for 180 days.
Choose correct Residential Status of Manpreet Singh.

Non-resident in India Resident in India Not ordinarily resident in India

Rate of Education cess and Secondary & Higher Education Cess are:

2% and 3% respectively

1% and 1% respectively

2% and 1% respectively

3% and 1% respectively

"Resident but not Ordinarily resident in India" is applicable for : .......

(may select more than one option)

Individual

Company

Firm

HUF

BOI / AOP

Residential status of assessee is to be determined for :

Financial Year

Assessment Year

Calendar Year

Previous Year

10.

Total income of a person is determined on the basis of his :

Citizenship in India

Nationality

Residential status in India

All of the above

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eLearningGang

Income Tax Act – Basic

Dividend paid by an Indian Company outside India is :

Incomes which are deemed to accrue or arise in India is taxable in case of :

In case of a HUF, The maximum amount on which Income tax is not chargeable for the assessment year 2017-18 :

A Karta holds very distinctive position in the ____ .

The circulars notified by CBDT are binding on :

Manpreet Singh, a foreign national visited India for the first time during previous year 2016-17 for 180 days.
Choose correct Residential Status of Manpreet Singh.

Rate of Education cess and Secondary & Higher Education Cess are:

"Resident but not Ordinarily resident in India" is applicable for : .......

Residential status of assessee is to be determined for :

Total income of a person is determined on the basis of his :

Income Tax Act extends to :

CBDT stands For :

Education cess is leviable on :

A Resident in India can not become resident in any other country for the same assessment year.

In case of Firm , The maximum amount on which Income tax is not chargeable :

Great, You have completed Income Tax Act - Basic MCQs.

Please click on SUBMIT button for Result.

Enter email id and mobile number to get result and future updates. (Optional)

Enter following details :

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eLearningGang

Income Tax Act – Basic

Dividend paid by an Indian Company outside India is :

Incomes which are deemed to accrue or arise in India is taxable in case of :

In case of a HUF, The maximum amount on which Income tax is not chargeable for the assessment year 2017-18 :

A Karta holds very distinctive position in the ____ .

The circulars notified by CBDT are binding on :

Manpreet Singh, a foreign national visited India for the first time during previous year 2016-17 for 180 days. Choose correct Residential Status of Manpreet Singh.

Rate of Education cess and Secondary & Higher Education Cess are:

"Resident but not Ordinarily resident in India" is applicable for : .......

Residential status of assessee is to be determined for :

Total income of a person is determined on the basis of his :

Income Tax Act extends to :

CBDT stands For :

Education cess is leviable on :

A Resident in India can not become resident in any other country for the same assessment year.

In case of Firm , The maximum amount on which Income tax is not chargeable :

Great, You have completed Income Tax Act - Basic MCQs.

Please click on SUBMIT button for Result.

Enter email id and mobile number to get result and future updates. (Optional)

Enter following details :

MCQ TESTS

LATEST POSTS

Categories

CATEGORIES

Manpreet Singh, a foreign national visited India for the first time during previous year 2016-17 for 180 days.
Choose correct Residential Status of Manpreet Singh.