income tax basic concepts

H.U.F. can be regarded as Resident in India if

Indian Company is always: –

A partnership firm will be treated as resident in India, if the control and management of its affairs is located ______in India.

Section 6(3) of the Act deans with the residential status of “every other person”, the determination of which mainly depends on ____________.

Who among the following may have status of “Resident but not ordinarily resident”?

Mr. Ramesh is resident in India in a previous year for “Business income”, then he shall be deemed to be ________ in India in the previous year in respect of each of his other souces of income.

The incidence of income tax depends on__

Scope of total income depends on _________.

Which of the following is not taxed in the hands of a resident and ordinarily resident?

Income deemed to accrue or arise in India shall not be chargeable for

Non-resident shall not be chargeable to tax for the –

Identify the income(s) that may be taxable in the hands of a resident and ordinarily resident

Identify the income that may be taxable in the hands of a non-resident in India

Which of the following incomes is not a deemed receipt as per section 7 of the Income Tax Act?

Interest credited to recognised provident fund account of an employee in excess of ____% per annum will be treated as income deemed to be received in India.

Capital gain arising on transfer of property situated in India is treated as _______.

Mr. Bhushan is a non-resident since last twenty years. He owns a flat in Delhi. The flat is sold by him during the previous year. Such capital gain shall be _________ in India.

Agricultural income in Pakistan received there, is……………………

Under the Constitution of India, __________ is empowered to levy and collect income tax.

Out of the followings, which entry of Union list is the reason for levying tax on income other than agricultural income?

The method of accouting is relevant for determing income in respect of _______________

As per section 145 of the Act, the taxpayer can follow either _________ or ___________ method of accounting under the Income Tax Act.

Income tax is a ……………………

Taxable income may be in _______.

Which of the following is not included in taxable income of the firm?

Mrs. Kapoor is a housewife. During the previous year, she received Rs. 1,84,000 as pin money from her husband out of which she saved Rs. 64,000. In this case, ______ shall be treated as
taxable income.

Which of the following is not regarded as income under the Income Tax Act?

_________ is not a head of income:

There are __________ heads of income while computing total income under the Income Tax Act.

Income tax is levied on all types of income other than