Faculty

Income Tax Law and Practices MCQs: 147 Questions & Answers in Faculty

147 Income Tax Law and Practices MCQs in Faculty with answers & explanations. Page 2. Practice objective questions for competitive exams, interviews & self-a… 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 2 of 8

Show answers

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

Income Tax Law and Practices MCQs: 147 Questions & Answers in Faculty

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

The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of non-resident is .

The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of resident is .

Income deemed to be received in India whether occurred in India or outside India, the tax incidence in case of resident is .

Income received in India whether occurred in India or outside India, the tax incidence in case of non-resident is .

Income received in India whether occurred in India or outside India, the tax incidence in case of resident but not ordinarily resident is .

Income received in India whether occurred in India or outside India, the tax incidence in case of resident is .

The awards and rewards are exempted from Income Tax if .

The HUF is said to be resident in India if .

An individual is said to be resident in India if .

Sales tax collected from the buyer of the goods is

If total income is up to 5,00,000 then the late fees of filing ROI is

if total income is up to 50,000 then the late fees of filing ROI IS

.The due date of filing return of income in case of company is

Every assesse has to file return of income if their taxable income exceeds

Deduction under 80 QQB is available in respect of

Deduction under section 80E is available on

Deduction under section 80DDB is available to the extent of

Deduction under sec 80DD is available to the extent of

Deduction under section 80DD is available to

Study tips for Income Tax Law and Practices