Income Tax Act – Basic – eLearningGang

Welcome to Income Tax Act - Basic MCQs.

DATE : July 18, 2025.

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

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

6.

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

Rs. 2,50,000

Rs. 2,00,000

Rs. 2,75,000

Nil
None

7.

Residential status of assessee is to be determined for :

Financial Year

Assessment Year

Calendar Year

Previous Year
None

8.

CBDT stands For :

Central Board Of Direct Taxes

Central Board Of Deemed Taxes

Central Bureau Of Direct Taxes

Central Board And Department of Taxes
None

9.

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
None

10.

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
None

11.

"Resident but not Ordinarily resident in India" is applicable for : .......
(may select more than one option)

Individual

Company

Firm

HUF

BOI / AOP

12.

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
None

13.

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 None

14.

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

Citizenship in India

Nationality

Residential status in India

All of the above
None

15.

Education cess is leviable on :

Income tax + Surcharge

Income Tax

Income Tax + Surcharge + Penalty

Surcharge
None

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Income Tax Act – Basic

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

Dividend paid by an Indian Company outside India is :

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

The circulars notified by CBDT are binding on :

A Karta holds very distinctive position in the ____ .

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

Residential status of assessee is to be determined for :

CBDT stands For :

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 :

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

Income Tax Act extends to :

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.

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

Education cess is leviable on :

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