Top 150+ Solved Income Tax MCQ Questions Answer
Q. Income accrued and received outside India is taxable in the hands of...........................
a. non-resident.
b. resident and ordinarily resident.
c. resident and not ordinarily.
d. none of these residents.
Q. Past untaxed income brought to India is taxable in the hands of.................
a. resident and not ordinarily resident.
b. resident and ordinarily resident.
c. non-resident.
d. none of these.
Q. Income from a farm house is..........................
a. income from house property
b. income from business
c. agricultural income
d. income from other sources
Q. Incomes on which Income tax is not charged are called..............
a. exceptional incomes
b. privileged incomes
c. exempted incomes.
d. none of the above
Q. Exempted incomes are defined under section................
a. 15 of income tax act.
b. 18 of income tax act
c. 10 of income tax act.
d. 20 of income tax act.
Q. Incomes absolutely exempt from Tax are listed under.............................
a. sec 2.
b. sec 10.
c. sec 38.
d. sec. 80c.
Q. An individual who wants to be resident of India must satisfy at least...................
a. one of the two basic conditions.
b. both the basic conditions.
c. both the additional conditions.
d. both the basic conditions and the additional conditions
Q. An individual who wants to be resident of India must stay in India for at least................
a. 730 days in 10 previous years.
b. 182 days in the previous year.
c. 365 days in the previous year.
d. 150 days in the previous year.
Q. A person who is of Indian origin visiting India during the previous year to be called resident must stay inIndia for at least.....................
a. 60 days in py.
b. 6 days in py and 365 days or more during 4 years preceding the py.
c. 182 days in py.
d. 730 days during 7 years preceding the py.
Q. As per Second additional condition, a resident will be an ordinarily resident if stay in India for at least......................... days during the seven previous years preceding the relevant .
a. 182 days.
b. 365 days.
c. 60 days.
d. 730 days.
Q. A person is Non resident if he fails to fulfil.....................
a. the additional conditions.
b. at least on of the basic conditions.
c. both basic conditions.
d. none of these.
Q. In case of Tax free salary, .......................................
a. tax is to be paid by employer
b. no tax is payable on such salary
c. tax is to be paid by the employee.
d. govt, itself pays the tax at a future date.
Q. Salary received by a member of parliament is.
a. taxable as salary income
b. exempt from tax sources.
c. taxable as income from other sources.
d. none of these.