Income Tax Act – Basic – eLearningGang

Welcome to Income Tax Act - Basic MCQs.

DATE : April 7, 2025.

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

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

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

Income Tax Act extends to :

Whole of India except Jammu and Kashmir

Whole of India

Whole of India except Adman and Nikobar

Whole of India except Kerala

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

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

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

CBDT stands For :

Central Board Of Direct Taxes

Central Board Of Deemed Taxes

Central Bureau Of Direct Taxes

Central Board And Department of Taxes

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

(may select more than one option)

Individual

Company

Firm

HUF

BOI / AOP

Education cess is leviable on :

Income tax + Surcharge

Income Tax

Income Tax + Surcharge + Penalty

Surcharge

10.

The circulars notified by CBDT are binding on :

Assessee

Income Tax Authorities

All of the Above

None of the Above

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eLearningGang

Income Tax Act – Basic

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

Income Tax Act extends to :

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 ____ .

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

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.

CBDT stands For :

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

Education cess is leviable on :

The circulars notified by CBDT are binding on :

Residential status of assessee is to be determined for :

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

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

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

Dividend paid by an Indian Company outside India is :

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

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

Income Tax Act extends to :

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 ____ .

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

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.

CBDT stands For :

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

Education cess is leviable on :

The circulars notified by CBDT are binding on :

Residential status of assessee is to be determined for :

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

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

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

Dividend paid by an Indian Company outside India is :

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.