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