Income Tax Law and Practices

M

Mr. Dubey • 51.17K Points
Coach

Q 11. The number of income source for a person are .

(A) One head
(B) Two heads
(C) Various heads
(D) Any of the above
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 12. The meaning of exempted income is .

(A) Not included in total income
(B) Agricultural income
(C) Not taxable under income tax
(D) All of the above
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 13. The Company may have the residential status as .

(A) Resident or Non-resident
(B) Not ordinarily resident
(C) Non-resident
(D) Resident
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 14. Resident of India includes .

(A) Ordinarily resident
(B) Not ordinarily resident
(C) NRI
(D) Both (a) and (b)
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 15. _________ of Income Tax Act is related to residential status.

(A) Section 2
(B) Section
(C) Section 5
(D) Section 4
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 16. Which section of the Income Tax Act exempted incomes have been mentioned?

(A) Section 80C
(B) Section 80DD
(C) Section 10
(D) Section 2
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 17. __________ is exempted from income tax.

(A) Interest from Indian company
(B) Dividend from foreign company
(C) (a) Cooperative dividend
(D) (d) Dividend from Indian company
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 18. The tax incidence for company or firm in which income received outside India from a source controlled from India for non-resident is .

(A) Non-taxable
(B) Taxable
(C) Partly taxable
(D) None of the above
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 19. The tax incidence for company or firm in which income received outside India from a source controlled from India for resident is .

(A) Taxable
(B) Non-taxable
(C) Partly taxable
(D) None of the above
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share

M

Mr. Dubey • 51.17K Points
Coach

Q 20. The tax incidence for company or firm in which income received in India and company for non-resident is .

(A) Taxable
(B) Non-taxable
(C) Partly taxable
(D) None of the above
WhatsApp Facebook Telegram

Share in MCQ Buddy Groups

Share