Faculty

Audit Taxation MCQs: 200 Questions & Answers in Faculty

200 Audit Taxation MCQs in Faculty with answers & explanations. Practice objective questions for competitive exams, interviews & self-assessment — free on Ex… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

Page 1 of 10

Show answers

Answers hidden — tap an option or use “View Answer” on each question.

Audit Taxation MCQs: 200 Questions & Answers in Faculty

The Commissioner of Income-tax (Appeals) is the ________ appellate authority

The notice under section 143(2) must be served within:

All companies other than those covered u/s 25 are required to file return of Income in:

In case the Key man insurance policy is taken in name of any other person any sum received on its maturity by such person shall be taxable under the head -

Supreme Courts precedent in binding on

The return of income is to be furnished in

The return of income can be filed with the Income-tax Department in electronic mode only.

E-filing of return in case of an office of the Government/company and a firm whose accounts are liable to be audited is:

Which of the following can be corrected while processing the return of income under section 143(1)?

Mr. A is not a citizen of India. He wants to apply for PAN in India and he has consulted you to provide him the applicable form for application of PAN. What would be correct Form;

There are certain specified financial transactions in which quoting of PAN is mandatory. If a person intending to enter into such transaction does not hold PAN then, he has to furnish;

The Commissioner of Income-tax (Appeals) is the ________ appellate authority

Section ________ specifies the orders against which an appeal can be filed before the Commissioner of Income tax (Appeals).

An appeal to the Commissioner of Income-tax (Appeals) shall be filed in Form No. ________.

Assessment under following section is termed as scrutiny assessment

For ITAT special powers of stay is available and stay will automatically Get vacated if matter is not decided in time of.

ITAT all decisions are taken by majority of member’s, if the Members are equally divided then the final vote will have of

Describe the status of the following person (i.e. individual, HUF, Firm, Company etc.) X and Yare legal heirs of Z. Z died in 2018 and X and Y carry on his business without entering into a partnership.

Income Tax is levied on the ___________ of a person.

Which of the following is not included in taxable income -

Study tips for Audit Taxation