TDS MCQ question with Answer pdf

TDS MCQ question with Answer pdf 1) The rate of TDS on rental payments of plant, machinery or equipment is:a. 2%b. 5%c. 10%d. 20% 2) The rate of TDS on interest on securities other than government securities is:a. 5%b. 10%c. 20%d. 15% 3) Any person responsible for paying to a resident any sum exceeding rs. … Read more

Income Tax MCQ QUIZ Set – 18 (Deductions from Gross Total Income)

MCQ on Deductions from Gross Total Income Income Tax MCQ with Answers 1. Gross total income has been defined u/s ……. A) Sec 80A(1) B) Sec 80(1) C) Sec 80u D) None of the above … Answer is A) Sec 80A(1) Show Answer     2. Maximum deduction allowed in respect of LIP, contribution to … Read more

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

MCQ on Clubbing and Aggregation of Income Income Tax MCQ 1. Revocable transfer of assets has been defined under sec…… A) Sec 51 B) Sec 61 C) Sec 71 D) None of the above … Answer is B) Sec 61 Show Answer     2. In order to curb tax avoidance practices, some necessary clubbing … Read more

Income Tax MCQ QUIZ Set – 16 (Set-off and Carry-forward of Losses)

MCQ on Set-off and Carry-forward of Losses Set off and Carry forward of Losses Questions Goods and Services Tax MCQ 1. Set of loss under the same head of income comes under section A) Sec 60 B) Sec 70 C) Sec 80 D) None of the above … Answer is B) Sec 70 Show Answer … Read more

Income Tax MCQ with Answers Pdf

Income Tax MCQ with Answers Pdf (Multiple Choice Questions)

Income Tax MCQ for UGC NET
 
Here, I have given the most important selective Income Tax Law and Practice MCQ for those who are preparing the income tax exam or any exam related to income tax officer jobs. So, for the best preparation I have given MCQ on income tax 2020-21 pdf or MCQ on income tax law and practice Pdf  also.

Also You can read All Commerce MCQ

Basic Concept – QUIZ

Income Tax MCQ with Answers Pdf – 1

Goods and Services Tax MCQ

Income Tax MCQ – 1 

 

1. Income tax is a

A) Direct tax
B) Indirect tax
C) Total tax
D) Danger tax                                                        

2. Sambalpur university is a

A) Local authority
B) Association of person
C) Individual
D) Artificial juridical person 

3. Education cess is levid in case of

A) Individual
B) Hindu undivided family
C) All assesse
D) Company assesse 

4. Income tax act 1961 imposed on

A) Legal income
B) Illegal income
C) Both legal and illegal income
D) None of this 

5. Income tax act 1961 applicable to

A) Jammu and Kashmir only
B) All state in India
C) All metro city
D) All India except Jammu and Kashmir 

6. Assesse includes

A) Individual
B) Company
C) HUF, AOP/BOI
D) All of the above 

7. AOP consist of                                                                          

A) Individual only
B) Other than individual
C) Both
D) None of Above 

8. BOI consist of

A) Individual only
B) Other than individual
C) Both
D) None of Above 

9. Health & Education cess is

A) 6%
B) 2%
C) 4%
D) 3% 

10. The term income is defined u/s

A) 2(24)
B) 3(24)
C) 24(2)
D) None of the above 

11. Income tax act 1961 came in to force on

A) 1st April 1960
B) 31st march 1972
C) 1st April 1962
D) None of the above 

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

A) Central board of direct taxes
B) Central board of film certification
C) Finance department of state
D) None of the above 

13. Income tax is imposed on

A) Half yearly
B) Annually
C) Monthly
D) Daily 

14. Assessment year start on

A) 1st April
B) 31st march 

C) 1st July
D) None of the Above 

15. Previous year ends With

A) 1st April
B) 31st march
C) 1st July
D) None of the Above 

16. How many head of income are there

A) 6
B) 3
C) 4
D) 5 

17. Residential status is determined on

A) Assessment year
B) Calendar year
C) Previous year
D) Accounting year 

18. Taxable income is determined on the basic of

A) Residential status in India 
B) Citizenship of India
C) BPL card holder
D) Govt. job holder 

19. Section of residential status is

A) 7
B) 6
C) 5
D) 4 

20. Salary to MP/MLA is

A) Exempted
B) Free
C) Taxable
D) illegal 

MCQ on income tax 2020 21 pdf

MCQ on Income from Salary QUIZ

Income Tax MCQ – 2 

Income Tax MCQ with Answers Pdf-2

1. Computation of income from salary section is

A) Sec 11-12
B) Sec 15-17
C) Sec 6-10
D) Sec 16-20 

2. Deduction allowed against gross salary

A) Income tax
B) Entertainment tax
C) Professional tax
D) education tax 

3. RPF full form in income tax

A) Reserve police force
B) Railway police force
C) Recognized provident fund
D) None of the above 

4. Exemption limit of interest credit to RPF is

A) 6.5%
B) 9.5%
C) 7.5%
D) None of this 

5. Employer contribution to RPF is Exempted up

A) 12%
B) 9.5%
C) 19%
D) 10% 

6. Taxable amount of perquisite in respect of small car for offial and personal purpose

A) 1500 p.m.
B) 1800 p.m.
C) 2400 p.m.
D) None of the Above 

7. Taxable amount of perquisite in respect of Big car for offial and personal purpose

A) 1800 p.m.
B) 2000 p.m.
C) 1500 p.m.
D) 2400 p.m. 

8. Deduction from salary is allowed u/s

A) Sec 15
B) Sec 16
C) Sec 25
D) None of Above 

9. Education allowancw is exempted

A) Rs. 200 per month up to 4 child
B) Rs. 200 per month up to 3 child
C) Rs. 100per month up to 2 child
D) Rs. 100 per month up to 10 child 

10. Medical bil reimbursed in respect of treatment in private hospital

A) Up to 15,000 
B) Up to 12,000
C) Up to 25,000
D) None of the above 

11. HRA exempted u/s

A) 15(13B)
B) 12(13C)
C) 10(13A)
D) None of the above 

12. Perquisite Comes U/S

A) 19(3)
B) 17(2)
C) 2(17)
D) None of the above 

13. Allowance from U.N.O is

A) partly taxable
B) fully taxable
C) fully exempted
D) None of the above 

14. Entertainment allowance is

A) Partly exempted
B) Exempted
C) fully taxable
D) None of the Above 

15. HRA exempted u/s 10(13A) includes

A) 40% of salary if accommodation is situated at Delhi, Mumbai, Chennai, Kolkata
B) 60% of salary if accommodation is situated at Delhi, Mumbai, Chennai, Kolkata
C) 50% of salary if accommodation is situated at Delhi, Mumbai, Chennai, Kolkata 
D) None of the Above 

16. Free food during working hours at office/ business premises exemopted up to

A) Rs. 50 per meal
B) Rs. 60 per meal
C) Rs. 90 per meal
D) None of the above 

17. Agricultural income is

A) Taxable
B) Fully taxable
C) Exempted
D) Partly taxable 

18. Exempted Income comes under section

A) Sec 12
B) Sec 10
C) Sec 24
D) Sec 13 

19. Sec 10AA deduction implies

A) Buffer zone
B) Special economic zone
C) POK zone
D) None of the above 

20. Allowance of MP/MLA is

A) Exempted
B) Free
C) Taxable
D) illegal 

 

Income Tax MCQ with Answers Pdf

Tax MCQ pdf

Read more

Income Tax MCQ QUIZ Set – 15 (MCQ on Agricultural Income)

MCQ on Agricultural Income MCQ on  Taxation – Agricultural Income 1. Agricultural income has been defined u/s… A) sec 2(1A) B) Sec 2(2A) C) Sec 2(42A) D) None of the above … Answer is A) sec 2(1A) Show Answer     2. Agricultural income is related to …. A) Capital B) Land C) Machinery D) None of … Read more

Income Tax MCQ QUIZ Set – 12 (Income from Capital Gains)

MCQ on Income from Capital Gains Capital Gains Tax MCQs 1. Short term capital assets has been defined….. A) Sec 4(24A) B) Sec 4(22A) C) Sec 2(42A) D) None of the above … Answer is C) Sec 2(42A) Show Answer 2. Long term capital assets has defined u/s A) Sec 2(29A) B) Sec 2 (92A) … Read more

Income Tax MCQ QUIZ Set – 10 (Profits and Gains from Business or Profession)

MCQ on Profits and Gains from Business or Profession MCQ on Taxation 1. Business has been defined….. A) u/s 2(13) B) u/s 13(2) C) u/s 10(2) D) None of the above … Answer is A) u/s 2(13) Show Answer     2. Chartered accountant is a……. A) Profession B) Vocation C) Business D) None of the … Read more

Income Tax MCQ QUIZ Set – 13 (Income from Other Sources)

MCQ on Income from Other Sources MCQ on income from other sources pdf 1. What is the maximum amount of deduction from family pension is….. A) 20,000 B) 15,000 C) 25,000 D) None of the above … Answer is B) 15,000 Show Answer     2. The aggregate value of monetary gift received during the … Read more

Income Tax MCQ QUIZ Set – 11 (Income from Capital Gains)

MCQ on Income from Capital Gains Capital Gains Tax MCQs 1. Sec 45 related to A) Capital assets B) capitals gains C) Assets D) None of the above … Answer is B) capitals gains Show Answer     2. Where total block of depreciable assets is transferred after 36 months, there will A) Short term … Read more