Top 50+ Solved Taxation MCQ Questions Answer
Q. The HUF is said to be resident in India if
a. The control and management of its affairs is wholly or partly situated in India
b. The control and management of its affairs is partially situated out of India
c. The control and management of its affairs is wholly or partly in out of India
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 services.
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
Q. Full form of TDS
a. Tax deducted at source
b. Tax deducted for source
c. tax deducted by source
d. none of above
Q. profit or income of that particular year.
a. set off
b. carry forward
c. none of above
d. both of above
Q. which of the following are the basic condition to become resident of india
a. He must be in India for 182 days or more in relevent previous year
b. He must be in India for 60 days or more in Relevent Previous year AND In preceding 4 previous year he must be in
c. both a and b
d. none of the above