Top 80+ Solved Direct Tax MCQ Questions Answer
Q. Total income of person is determined on the basis of his ________________
a. Residential Status in India
b. Citizenship in India
c. Citizen
d. Non -resident
Q. Income which accrue or arise outside India and also received outside India is taxable in case of__________
a. Resident only
b. Non- resident in India
c. Not ordinarily resident in India
d. Resident
Q. Income received in India ____________
a. Is taxable only for Resident
b. Is not taxable only for a non -resident
c. Is taxable for a resident, a resident but only ordinarily resident non -resident
d. Is exempt in all cases.
Q. Income which accrue in India from a business controlled from India _________________
a. Is taxable only for resident
b. Is not taxable only for non – resident
c. Is taxable for resident, a resident but only ordinarily resident non- resident
d. Is exempt in all cases
Q. Income accruing in Japan and received there is taxable in India in the case of ______________
a. Resident and ordinarily resident only
b. A resident but not ordinarily resident
c. A non -resident
d. Resident
Q. Mr. Manmohan Sharma goes out to India every year for 274 days. For the assessment year 2018 -19,he is ____________________
a. A resident and ordinarily resident
b. A resident but not ordinarily a resident
c. A non-resident
d. Resident
Q. M.a chartered accountant is employed with M ltd, as an internal auditor and requests the employer to call the remuneration as internal audit fee.M. shall be chargeable to tax for such fees under the head __________
a. Income from salaries
b. Profit and gains from business and profession
c. Income from other sources
d. None of these
Q. Salary of M becomes due on 1st of next month and it is paid on 7th of that month. For the assessment year 2018-19, the salary of M shall be taken from ________
a. April 2017 to March 2018
b. March 2017 to February 2018
c. April 2018 to March 2019
d. April 2019 to March 2020
Q. M.Ltd announced increase in D.A. on 21-03-2017 with retrospective effect from 21-3-2012 and the same were paid on 6-04-2017. The arrears of D.A. shall be taxable in the previous year ________
a. 2016-17
b. 2017-18
c. In respective previous years to which these relate
d. Previous years
Q. Un -commuted pension received by a Government employee is ____________
a. Exempt
b. Taxable
c. 1/3 is exempt
d. Non taxable
Q. M.claimed the exemption of gratuity in the past to the extent of Rs.2,50,000.He was entitled to the gratuity from the present employer amounting to Rs.2,00,000 in the previous year 2017-18. M can claim exemption to the maximum extent of ___________
a. Rs.2,00,000
b. Nil
c. Rs.1,00,000
d. Rs.1,50,000
Q. Employee M is neither a government employee nor covered under payment of gratuity Act, 1972. He has completed 16 years and 8 months of service. The number of completed years considered for gratuity exemption shall be _____________
a. 17 years
b. 16 years
c. 16 years and 8 months
d. 19 years
Q. Compensation received on voluntary retirement is exempt under sec.10 (10c) to the maximum extentof ___________
a. Rs.2,40,000
b. Rs.3,00,000
c. Rs.5,00,000
d. Rs.6,00,000