A. income from salary
B. capital gains
C. profits and gains of business or profession
D. income from other sources
✅ The correct answer is option C.
SSC
512. The CII for the financial year 2012-13 is ……………………..
A. 582
B. 852
C. 632
D. 820
✅ The correct answer is option B.
513. Pension is taxable under ……………………..head.
A. salary
B. house property
C. capital gains
D. other sources
✅ The correct answer is option A.
514. Past untaxed income brought to India is taxable in the hands of……………..
A. resident and not ordinarily resident.
B. resident and ordinarily resident.
C. non-resident.
D. none of these.
✅ The correct answer is option D.
515. When a receipt is determined as Capital Receipt or Revenue receipt.
A. at the time it is received
B. while preparing final accounts.
C. when the received amount is us
D.
✅ The correct answer is option A.
516. Income accrued and received outside India is taxable in the hands of………………………
A. non-resident.
B. resident and ordinarily resident.
C. resident and not ordinarily.
D. none of these residents.
✅ The correct answer is option B.
517. The periodic payment of money for the past service is known as ……………………
A. gratuity
B. pension
C. commuted pension
D. leave salary
✅ The correct answer is option B.
518. Income accrued in India is taxable in the hands of……………………….
A. non-resident only.
B. resident and not ordinarily resident only.
C. all assesses.
D. resident and ordinarily resident only.
✅ The correct answer is option C.
519. Share of income from firm is…………….
A. taxable in the hands of partner
B. exempted in the hands of partner.
C. exempted in the hands of firm.
D. none of these.
✅ The correct answer is option B.
520. Income received in India is taxable in the hands of………………………
A. resident only.
B. resident and ordinarily resident only.
C. non-resident only.
D. all assessees.
✅ The correct answer is option D.