Welcome to Income Tax Act - Basic MCQs.
DATE : November 27, 2022.
Note : All Questions are compulsory & only 2 attempts are allowed.
Correct Answer : 2 points; Incorrect Answer : - 1 point ( Lets make it tough).
2. "Resident but not Ordinarily resident in India" is applicable for : .......
(may select more than one option) 4. The circulars notified by CBDT are binding on :
5. Education cess is leviable on :
6. Dividend paid by an Indian Company outside India is :
7. Income Tax Act extends to :
8. Incomes which are deemed to accrue or arise in India is taxable in case of :
9. A Karta holds very distinctive position in the ____ .
10. In case of a HUF, The maximum amount on which Income tax is not chargeable for the assessment year 2017-18 :
11. A Resident in India can not become resident in any other country for the same assessment year.
True or False?? 12. Residential status of assessee is to be determined for :
13. Rate of Education cess and Secondary & Higher Education Cess are:
14. In case of Firm , The maximum amount on which Income tax is not chargeable :
15. Total income of a person is determined on the basis of his :
