A. 2%
B. 1%
C. 3%
D. 5%
✅ The correct answer is option A.
Income Tax MCQs
Who among the following may be “not ordinarily resident”
A. partnership firm.
B. company.
C. association of persons.
D. hindu undivided family.
✅ The correct answer is option D.
Who is assessee in case of a HUF?
A. father
B. spouse
C. karta
D. deemed karta
✅ The correct answer is option C.
Embezzlement of cash by a cashier is……………..
A. a revenue loss.
B. a capital loss.
C. a casual loss.
D. none of these.
✅ The correct answer is option A.
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.
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.
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.
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.
Which of the following is not included in salary income.
A. commuted pension
B. un commuted pension
C. family pension
D. leave salary
✅ The correct answer is option C.
Salary paid by an Indian company to its employees working in one of its branches outside India is…………………………..
A. salary accruing in india.
B. salary deemed to accrue in india.
C. salary accruing outside india.
D. none of these.
✅ The correct answer is option A.