Income Tax MCQ QUIZ Set-1 (Basic Concept)

by
Spread the love

Income Tax Multiple Choice Questions

MCQ of Income Tax

Income Tax MCQ QUIZ Set-1 (Basic Concept)

1. Income tax is a




… Answer is A)
Direct tax
 

 

2. Sambalpur university is a



… Answer is D)
Artificial juridical person .
 

 

3. Education cess is levid in case of



… Answer is C)
All assesse
 

 

4. Income tax act 1961 imposed on




… Answer is C)
Both legal and illegal income .
 

  5. Income tax act 1961 applicable to




… Answer is B)
All state in India
 

 

6. Assesse includes



… Answer is D)
All of the above
 

 

7. AOP consist of



… Answer is c)
Individual and other than individual
 

 

8. BOI consist of



… Answer is A)
Individual only
 

 

9. Health & Education cess is



… Answer is C)
4%
 

 

10. The term income is defined u/s



… Answer is A)
2(24)
 

 

11. Income tax act 1961 came in to force on



… Answer is C)
1st April 1962
 

 

12. Who has the statutory power to issued notification under income tax act1961



… Answer is A)
Central board of direct taxes
 

 

13. Income tax is imposed on



… Answer is B)
Annually
 

 

14. Assessment year start on



… Answer is A)
1st April
 

 

15. Previous year ends With



… Answer is B)
31st march
 

 

16. How many head of income are there



… Answer is D)
Income from salary, house property, business & profession, capital gains and other sources
 

 

17. Residential status is determined on



… Answer is c)
Previous year
 

 

18. Taxable income is determined on the basic of



… Answer is A)
Residential status in India
 

 

19. Section of residential status is



… Answer is B)
6
 

 

20. Salary to MP/MLA is



… Answer is C)
Taxable

Also Read:

 Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :

Author
Manturanjan Sa
Founder of Income TaxPe . Professionally a Lecturer, by passion a Writer, Dancer, lyricist. fitness lover. Also a social worker co-founder of Kartabya Foundation & Digital Entrepreneur.

Spread the love

Leave a Comment