Top 50+ Solved Income Tax Laws MCQ Questions Answer
Q. Incomes which accrue or arise outside India but received directly in India are taxable in case of
a. resident and ordinarily resident only
b. resident but not ordinarily resident
c. non-resident
d. All of the above
Q. R Ltd. Is an Indian company whose place of effective management is outside India. R Ltd., shall be:
a. resident in India
b. non-resident in India
c. not ordinarily resident in India
d. nt and ordinarily residen
Q. which of the following are the persons under sec2(A)
a. Individual
b. firm
c. body of person
d. All of the above
Q. The HUF is said to be resident in India if
a. The control and management of its affairs is
b. The control and management of its
c. The control and management of its
d. None of the above
Q. The Company may have the residential status as
a. Resident and non resident
b. non ordinary resident
c. ordinary Resident
d. none of the above
Q. which of the following heads are the head of Income under Income tax Act 1961
a. salary
b. capital gain
c. House Property
d. All of the above
Q. is a retirement benefit given by the employer to the employee in consideration of past
a. Gratuity
b. Dearness allowance
c. Lunch allowance
d. House Rent allowance
Q. A is a non-cash benefit granted by an employer to the employee
a. Allowance
b. Perquisites
c. pension
d. none of the above
Q. Allowances to Judges of High Court/Supreme Court (Subject to certain conditions)
a. Taxable
b. Not taxable
c. Both A & B
d. none of the above
Q. Previous year means the financial year immediately preceding the
a. Accounting year
b. Assesment year
c. non of the above
d. both