Taxation MCQs and Notes
Q. The Company may have the residential status as
✅ Correct Answer: (A)
Resident and non resident
Q. The HUF is said to be resident in India if
✅ Correct Answer: (A)
The control and management of its affairs is wholly or partly situated in India
Q. which of the following are the persons under sec2(A)
✅ Correct Answer: (D)
All of the above
Q. R Ltd. Is an Indian company whose place of effective management is outside India. R Ltd., shall be:
✅ Correct Answer: (A)
resident in India
Q. Incomes which accrue or arise outside India but received directly in India are taxable in case of
✅ Correct Answer: (D)
All of the above
Q. ____________________________ is chargeable u/s 45
✅ Correct Answer: (A)
capital gains
Q. A firm is regarded as a unit of assessment as per ______________________________
✅ Correct Answer: (A)
income tax act
Q. Shivaji University is assessable under the income tax act as
✅ Correct Answer: (B)
an artificial juridical person