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 :
- Income Tax MCQ QUIZ Set-1 (Basic Concept)
- Income Tax MCQ QUIZ Set-2 (Income from Salary)
- Income Tax MCQ QUIZ Set – 3 (Income from Salary)
- Income Tax MCQ QUIZ Set – 4 (Income from salary)
- Income Tax MCQ QUIZ Set – 5 (Income from Salary)
- Income Tax MCQ QUIZ Set – 6 (Income from House Property)
- Income Tax MCQ QUIZ Set – 7 (Income from House Property)
- Income Tax MCQ QUIZ Set – 8 (Income from House Property)
- Income Tax MCQ QUIZ Set – 9 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 10 (MCQ on Profit and Gain of Business or Profession)
- Income Tax MCQ QUIZ Set – 11 (MCQ on Income from Capital Gain)
- Income Tax MCQ QUIZ Set – 12 (Income from Capital Gains)
- Income Tax MCQ QUIZ Set – 13 (MCQ on Income from Other Sources)
- Income Tax MCQ QUIZ Set – 15 (Agricultural Income)
- Income Tax MCQ QUIZ Set – 16 (Set-off and Carry-forward of Losses)
- Income Tax MCQ QUIZ Set – 17 (Clubbing and Aggregation of Income)
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