Income Tax MCQ Quiz 2021 | Income Tax Multiple choice Questions

Income Tax MCQ Quiz General Knowledge Question, exempted income pdf. cs executive mcq questions with answers Test your general knowledge and general awareness with our questions and answers at barvetips.com. income tax notes for bcom in hindi, tybcom taxation notes pdf Multiple choice format with a difficulty level of medium taxation law questions and answers.

Income Tax MCQ Quiz 2021 | Income Tax Multiple choice Questions

About income tax :

income tax mcq with answers pdf, income tax book in hindi 2014 15 pdf is a type of tax that the central government collects on the income earned by individuals and businesses during a financial year. Taxes are a source of revenue for the government.

The government uses this revenue to provide infrastructure development, health care, education, subsidies. In the farmer / agricultural sector and other government welfare schemes. There are mainly two types of taxes, direct tax and indirect form of tax.

Direct tax on income earned is called direct tax, for example income tax is a direct tax. The tax is calculated based on the income slab rates applied during that time. financial year.

Start mcq questions :

A Income Tax MCQ Quiz is made up of two parts: a stem that identifies the question or problem, and a set of choices or possible answers that contain a key that is the best answer to the question, and several distracting ones. Are the ones. The ones are praiseworthy but have incorrect answers to the question taxation law exam questions and answers.

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Income Tax MCQ Quiz 2021

Income Tax MCQ Quiz 2021, Income Tax Multiple choice Questions, 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

Income Tax Act was passed in the year _________.

2 / 25

Life Insurance Corporation of India is a _______________.

3 / 25

_________ is an artificial person registered under Indian Companies Act 1956.

4 / 25

Which one of the following taxes is not levied by the State Government?

5 / 25

The first income tax act was introduced in the year

6 / 25

The apex body of Income Tax Department. is

7 / 25

Income received or deemed to be received in India (whether accrued in or outside India) is taxable in case of

8 / 25

The Income Tax Act, which is still in force in India, was enforced in

9 / 25

Mr. X has started has business from 1st Sept '16 and does not have any other source of income. His first previous year will start from

10 / 25

According to Section 2(7) of Income Tax Act "Assessee" means a person

11 / 25

The house rent allowance (HRA) under the salary head of Income Tax Act is given by_____________.

12 / 25

Children Education allowance is exempted for ______ child/ children.

13 / 25

Pension is _______________ under the salary head.

14 / 25

The salary, remuneration or compensation received by the partners is taxable under the head _______________.

15 / 25

The death-cum-retirement gratuity received by the Government Employee or
employee of local authority is _______________.

16 / 25

Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is _______________.

17 / 25

Provident Fund Act was passed in the year ___________.

18 / 25

Rent Free Accommodation given to an employee by the employer is a ____________.

19 / 25

The Payment of Gratuity Act came into force in_______________.

20 / 25

The entertainment allowance is applicable to_______________.

21 / 25

_______ is the rent fixed under Rent control Act.

22 / 25

Expected Rent can be determined in the following way

23 / 25

Under the Head Income from House Property, the basis of charge is the ______________ of property.

24 / 25

Mr. Ram owns a house property. He lent it to Laxman at`10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of`20,000 p.m. Rental income of Ram is taxable under the head______________.

25 / 25

Mr. Ram owns a house property. He lent it to Laxman at`10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of`20,000 p.m. Rental income of Laxman is taxable under the head______________.

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MULTIPLE CHOICE QUE.

  • Income Tax Act was passed in the year ………………..
    • 1947
    • 1950
    • 1961
    • 1991
  • Life Insurance Corporation of India is a ………………
    • AOP
    • Firm
    • Company
    • Individual
  • ………….. is an artificial person registered under Indian Companies Act 956.
    • Individual
    • Company
    • Firm
    • Local Authority
  • Which one of the following taxes is not levied by the State Government?
    • Entertainment tax
    • VAT
    • Professional tax
    • None of the above
  • The first income tax act was introduced in the year
    • 1918
    • 1861
    • 1860
    • 1886
  • The apex body of Income Tax Department is ………….
    • Finance Ministry of Central Govt.
    • Central Govt. of India.
    • CBDT
    • Dept. of Revenue
INCOME TAX MCQ QUIZ :
  • Income received or deemed to be received in India (whether accrued in or outside India) is taxable in case of
    • Resident
    • Not Ordinarily Resident
    • Non Resident
    • All of the above
  • The Income Tax Act, which is still in force in India, was enforced in
    • 1922
    • 1961
    • 1860
    • None of the above
  • Mr. X has started has business from 1st Sept ’16 and does not have any other source of income. His first previous year will start from.
    • 1st April ’16
    • 1st Sept ’16
    • Any of the above
    • None of the above.
  • According to Section 2(7) of Income Tax Act “Assessee” means a person
    • By whom any tax or other sum of money is payable
    • By whom any proceeding under the Act has been taken
    • Who is deemed to be an assessee in default under any provision of this Act
    • All of the above
  • The house rent allowance (HRA) under the salary head of Income Tax Act is given by ……………..
    • Section 10
    • Section 10 (13 A)
    • Section 11 (13 B)
    • Section 11
  • Children Education allowance is exempted for …………… child/ children.
    • One
    • Two
    • Three
    • Four
INCOME TAX MCQ QUIZ :
  • Pension is ……………… under the salary head.
    • Fully taxable
    • Partially taxable
    • Not taxable
    • None of the above
  • The salary, remuneration or compensation received by the partners is taxable under the head ………………
    • Income from Other Sources
    • Income from Business
    • Salary
    • None of the above
  • The death-cum-retirement gratuity received by the Government Employee or employee of local authority is ………………
    • Partially exempted
    • Fully exempted
    • Half taxable
    • None of the above
  • Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is ………………
    • Taxable
    • Not taxable
    • Partially taxable
    • None of the above
  • Provident Fund Act was passed in the year ………………
    • 1932
    • 1956
    • 1925
    • 1922
  • Rent Free Accommodation given to an employee by the employer is a ………………
    • Allowance
    • Perquisite
    • Profit in lieu of salary
    • None of the above
  • The Payment of Gratuity Act came into force in ………………
    • 1973
    • 1980
    • 1991
    • 1972
  • The entertainment allowance is applicable to ………………
    • Private sector employees
    • Public sector employees
    • Government employees
    • All of the above
MCQ General Knowledge Quiz :
  • ……………… is the rent fixed under Rent control Act.
    • Municipal rental value
    • Fair rental value
    • Standard rent
    • Real rent
  • Expected Rent can be determined in the following way
    • Higher of Municipal Value & Fair Rent
    • Lower of Municipal Value & Fair Rent
    • Higher of Municipal Value & Fair Rent subject to maximum of Standard Rent
    • Any of the above
  • Under the Head Income from House Property, the basis of charge is the ……………… of property.
    • Annual value
    • Quarterly value
    • Half-quarterly value
    • None of the above
  • Mr. Ram owns a house property. He lent it to Laxman at10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of 20,000 p.m. Rental income of Ram is taxable under the head ………………
    • Income from Salary
    • Income from Other Sources
    • Income from House Property
    • Income from Business
  • Mr. Ram owns a house property. He lent it to Laxman at10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of 20,000 p.m. Rental income of Laxman is taxable under the head ………………
    • Income from Salary
    • Income from Other Sources
    • Income from House Property
    • Income from Business

Income Tax MCQ FAQs :

Question 1 : What is Income Tax?

It is a tax levied on the income of every person by the Government of India. The provisions governing income tax are included in the Income Tax Act, 1961.

Question 2 : What is mcq question?

In India, a multiple choice question (MCQ) test is commonly used for accelerated testing of knowledge in entrance exams.

Questions 3 : How to learn for online MCQ exam?

You have to study for online MCQ exam like any other exam, maybe even more! A lot of knowledge can be tested in a short period of time with MCQs.

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