B com Pattern MCQ Related Income Tax Department | Income Tax India

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B com Pattern MCQ Related Income Tax Department | Income Tax India

आयकर एक प्रकार का Tax है जो केंद्र सरकार एक वित्तीय वर्ष के दौरान व्यक्तियों और व्यवसायों द्वारा अर्जित Income पर लगाती है. Income Tax सरकार के लिए राजस्व का एक स्रोत हैं. सरकार इस राजस्व का उपयोग Basic Infrastructure के विकास, स्वास्थ्य देखभाल, शिक्षा, सब्सिडी प्रदान करने के लिए करती है. किसान / कृषि क्षेत्र और अन्य सरकारी कल्याणकारी योजनाओं में Tax मुख्य रूप से दो प्रकार के होते हैं, प्रत्यक्ष Tax और अप्रत्यक्ष Tax यह रूप होते है. अर्जित Income पर सीधे लगाया जाने वाला Tax प्रत्यक्ष Tax कहलाता है, उदाहरण के लिए आयकर एक प्रत्यक्ष कर है. कर की गणना उस अवधि के दौरान लागू वित्तीय वर्ष के आय स्लैब दरों पर आधारित होती है.

Income types : Types of taxes in india

भारत में आय अर्जित करने या प्राप्त करने वाला प्रत्येक व्यक्ति आयकर के अधीन है. चाहे भारत का निवासी हो या अनिवासी. सरल वर्गीकरण के लिए, आयकर विभाग आय को पाँच मुख्य शीर्षों में विभाजित करता है.

  • Income from other sources : अन्य स्रोतों से आय
  • इनकम from house property : गृह संपत्ति से आय
  • Income from capital gains : पूंजीगत लाभ से आय
  • Income from business and profession : व्यापार और पेशे से आय
  • Salary income : वेतन आय

B com Pattern MCQ elated Income Tax Department

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B com Pattern MCQ Related Income Tax Department

B com Pattern MCQ Related Income Tax Department, Income Tax India, ssc income tax quiz, One of the primary job positions offered for SSC is of a CGL Income Tax Inspector. In the Central Board of Direct Taxes (CBDT)

1 / 25

When an URPF is recognized, the balance so transferred is called ………….

2 / 25

Bonus paid by the employer to the employee is …………

3 / 25

Gratuity is defined as per section ………..

4 / 25

The highest Administrative Authority for Income Tax in India is............

5 / 25

Payment made by an employer to employee monthly, other than salary is called ………….

6 / 25

HRA is ………………..

7 / 25

Rule ….............. explain the taxation of HRA

8 / 25

Agricultural income in Pakistan is assessable for........................

9 / 25

If the assessee is living in own house HRA is …………..

10 / 25

Any allowance granted for encouraging research, academic and other professional pursuit is called ………………………

11 / 25

Children education allowance is exempt up to per month per child for two children.

12 / 25

38. Children hostel allowance is exempt up to per month per child for two children.

13 / 25

39. Transport allowance given by the employer to the employee is exempt up to ………..

14 / 25

Foreign allowance is a ……………

15 / 25

State which of the following income are exempted?

16 / 25

35. Entertainment allowance is allowed as a deduction as per section ……………

17 / 25

State which of the following income are exempted?

18 / 25

Education allowance is exempted for ……......

19 / 25

A government employee received salary Rs.120,000 and entertainment allowance Rs.10,000 during the previous year. He spent Rs.6000 on entertainment. He is entitled to deduction u/s 16(ii) :

20 / 25

44. A citizen of India who goes abroad for the purpose of employment, he must stay in India at least for ............................. days to become a resident.

21 / 25

Who among the following may be “not ordinarily resident”?

22 / 25

The following is not taxable as income under the head "Salaries".

23 / 25

Previous year means the financial year immediately preceding the…………………...

24 / 25

Gratuity received by a government employee is .......................

25 / 25

The periodic payment of money for the past service is known as ........................

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B com Pattern MCQ Related Income Tax Department :

1. When an URPF is recognized, the balance so transferred is called ………….

  • A) Recognized PF
  • B) Transferred PF
  • C) Recognized Balance
  • D) Transferred Balance

2. Bonus paid by the employer to the employee is …………

  • A) Fully Taxable
  • B) Partly Taxable
  • C) Fully Exempted
  • D) None of these

3. Gratuity is defined as per section ……………

  • A) 10(10A)
  • B) 10(10AA)
  • C) 10(10)
  • D)10A

4. The highest Administrative Authority for Income Tax in India is …..…………

  • A) Finance Minister.
  • B) CBDT.
  • C) President of India.
  • D) Director of Income Tax.

5. Payment made by an employer to employee monthly, other than salary is called ………….

  • A) Bonus
  • B) Allowances
  • C) Benefits
  • D) None of these

6. HRA is ………………..

  • A) Fully Taxable
  • B) Partly Taxable
  • C) Fully Exempted
  • D) None of these

7. Rule …………… explain the taxation of HRA

  • A) 2
  • B) 2A
  • C) 2AA
  • D) 2AB

8. Agricultural income in Pakistan is assessable for …………………

  • A) Resident
  • B) Not Ordinarily Resident
  • C) Non-resident
  • D) Not taxable

9. If the assessee is living in own house HRA is …………..

  • A) Fully Taxable
  • B) Partly Taxable
  • C) Fully Exempted
  • D) None of these

10. Entertainment allowance is allowed as a deduction as per section ……………

  • A) 16
  • B) 16(i)
  • C) 16(ii)
  • D) 16(iii)
Department of income tax : B com Pattern MCQ

11. Any allowance granted for encouraging research, academic and other professional pursuit is called ………………………

  • A) Research Allowance
  • B) Academic Allowance
  • C) Higher Educational Allowance
  • D) Educational Allowance

12. Children education allowance is exempt up to per month per child for two children.

  • A) Rs.100
  • B) Rs.150
  • C) Rs.200
  • D) Rs.250

13. Children hostel allowance is exempt up to per month per child for two children.

  • A) Rs.100
  • B) Rs.200
  • C) Rs.250
  • D) Rs.300

14. Transport allowance given by the employer to the employee is exempt up to ………..

  • A) Rs.1000p.m
  • B) Rs.1600p.m
  • C) Rs.1000p.a
  • D) Rs.1600p.a

15. Foreign allowance is a …………….

  • A) Fully Exempted Allowance
  • B) Fully Taxable Allowance
  • C) Partly Exempted Allowance
  • D) None of these

16. State which of the following income are exempted?

  • A) Dearness Allowance
  • B) City Compensatory Allowance
  • C) Foreign Allowance
  • D) Medical Allowance

17. Education allowance is exempted for …………..

  • A) One person
  • B) Four persons
  • C) Two persons
  • D) None of these

18. A government employee received salary Rs.120,000 and entertainment allowance Rs.10,000 during the previous year. He spent Rs.6000 on entertainment. He is entitled to deduction u/s 16(ii) :

  • A) 10,000
  • B) 6000
  • C) 5000
  • D) Nil

19. A citizen of India who goes abroad for the purpose of employment, he must stay in India at least for ……………………….. days to become a resident.

  • A) 90 days
  • B) 162 days
  • C) 180 days
  • D) 182 days

20. Who among the following may be “not ordinarily resident”?

  • A) Hindu Undivided Family.
  • B) Company.
  • C) Association of persons.
  • D) None of these
Tax related questions and answers : B com Pattern MCQ

21. The following is not taxable as income under the head “Salaries”.

  • A) Commission received by a full time director
  • B) Remuneration received by a partner
  • C) Allowances received by an employee
  • D) Free accommodation given to an employee

22. Previous year means the financial year immediately preceding the……………………

  • A) Accounting Year
  • B) Assessment Year
  • C) All of the above
  • D) None of the above

23. Gratuity received by a government employee is …………………..

  • A) Fully exempted
  • B) Partly exempted
  • C) Fully taxable
  • D) Exempted up to Rs:1,00,000

24. The periodic payment of money for the past service is known as ……………………

  • A) Gratuity
  • B) Pension
  • C) Commuted pension
  • D) Leave salary

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

  • A) Taxable as per slabs
  • B) Exempted from tax
  • C) Partly exempted
  • D) None of the above

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