Income Tax MCQ QUIZ Set – 17 (Clubbing and Aggregation of Income)

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MCQ on Clubbing and Aggregation of Income

Income Tax MCQ

1. Revocable transfer of assets has been defined under sec……




Answer is B)
Sec 61

 

 

2. In order to curb tax avoidance practices, some necessary clubbing provision have been incorporated u/s …..



Answer is A)
60 to 64

 

 

3. Inclusion of others incomes in the income of the assessee is known as….



Answer is C)
Clubbing of income

 

 

4. Clubbing of income of minor child has been defined under section….




Answer is A)
Sec 64(1A)

 

  5. Exemption to parent comes u/s….




Answer is B)
Sec 10(32)

 

 

6. Amounting to Rs. …. Is exemption in respect to each minor child under clubbing and aggregation of income



Answer is B)
1500

 

 

7. The person on whose name the property has been purchased is known as …… and the property is known as……



Answer is A)
Benamidar, Benami property

 

 

8. Clubbing provision are applicable for



Answer is B)
Individual

 

 

9. Clubbing provision are applicable in case of



Answer is C)
Both

 

 

10. In case parent are separated, then the income of minor will be included in the income of Mother



Answer is C)
That parent who maintain the minor


Also Read :

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


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