A partnership firm will be treated as resident in India, if the control and management of its affairs is located ______in India.
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Question 4 of 30
4. Question
1 points
Section 6(3) of the Act deans with the residential status of “every other person”, the determination of which mainly depends on ____________.
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Question 5 of 30
5. Question
1 points
Who among the following may have status of “Resident but not ordinarily resident”?
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Question 6 of 30
6. Question
1 points
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.
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Incorrect
Question 7 of 30
7. Question
1 points
The incidence of income tax depends on__
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Incorrect
Question 8 of 30
8. Question
1 points
Scope of total income depends on _________.
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Incorrect
Question 9 of 30
9. Question
1 points
Which of the following is not taxed in the hands of a resident and ordinarily resident?
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Question 10 of 30
10. Question
1 points
Income deemed to accrue or arise in India shall not be chargeable for
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Incorrect
Question 11 of 30
11. Question
1 points
Non-resident shall not be chargeable to tax for the –
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Incorrect
Question 12 of 30
12. Question
1 points
Identify the income(s) that may be taxable in the hands of a resident and ordinarily resident
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Incorrect
Question 13 of 30
13. Question
1 points
Identify the income that may be taxable in the hands of a non-resident in India
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Incorrect
Question 14 of 30
14. Question
1 points
Which of the following incomes is not a deemed receipt as per section 7 of the Income Tax Act?
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Incorrect
Question 15 of 30
15. Question
1 points
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.
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Incorrect
Question 16 of 30
16. Question
1 points
Capital gain arising on transfer of property situated in India is treated as _______.
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Incorrect
Question 17 of 30
17. Question
1 points
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.
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Incorrect
Question 18 of 30
18. Question
1 points
Agricultural income in Pakistan received there, is……………………
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Incorrect
Question 19 of 30
19. Question
1 points
Under the Constitution of India, __________ is empowered to levy and collect income tax.
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Incorrect
Question 20 of 30
20. Question
1 points
Out of the followings, which entry of Union list is the reason for levying tax on income other than agricultural income?
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Incorrect
Question 21 of 30
21. Question
1 points
The method of accouting is relevant for determing income in respect of _______________
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Incorrect
Question 22 of 30
22. Question
1 points
As per section 145 of the Act, the taxpayer can follow either _________ or ___________ method of accounting under the Income Tax Act.
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Incorrect
Question 23 of 30
23. Question
1 points
Income tax is a ……………………
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Question 24 of 30
24. Question
1 points
Taxable income may be in _______.
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Question 25 of 30
25. Question
1 points
Which of the following is not included in taxable income of the firm?
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Incorrect
Question 26 of 30
26. Question
1 points
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.
Correct
Incorrect
Question 27 of 30
27. Question
1 points
Which of the following is not regarded as income under the Income Tax Act?
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Incorrect
Question 28 of 30
28. Question
1 points
_________ is not a head of income:
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Question 29 of 30
29. Question
1 points
There are __________ heads of income while computing total income under the Income Tax Act.
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Incorrect
Question 30 of 30
30. Question
1 points
Income tax is levied on all types of income other than
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Incorrect
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