A. salary
B. house property
C. capital gains
D. other sources
✅ The correct answer is option A.
Income Tax MCQs
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.
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.
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.
House property held for less than 36 months is……………………
A. long term capital asset.
B. short term capital asset.
C. exempted capital asset.
D. projected capital asset.
✅ The correct answer is option B.
Perquisites to employees are covered in the I.T. Act 1961 under……………….
A. sec 2a.
B. s
C. 17b. c. sec 28a.
D. sec. 36 c.
✅ The correct answer is option B.
An individual who wants to be resident of India must stay in India for at least…………….
A. 730 days in 10 previous years.
B. 182 days in the previous year.
C. 365 days in the previous year.
D. 150 days in the previous year.
✅ The correct answer is option B.
Shares held for less than 12 months are………………….
A. short term capital asset.
B. long term capital asset.
C. exempted capital asset.
D. projected capital asset.
✅ The correct answer is option A.
A Perk is…………………….
A. cash paid by employer to employee
B. facility provided by employer to employee
C. amount credited to employees.
D. none of these accounts.
✅ The correct answer is option B.
An individual who wants to be resident of India must satisfy at least……………….
A. one of the two basic conditions.
B. both the basic conditions.
C. both the additional conditions.
D. both the basic conditions and the additional conditions
✅ The correct answer is option A.