Question 1

Mr. Manmohan Sharma goes out to India every year for 274 days. For the assessment year 2018 -19, he is ____________________

Accepted Answer

A) A resident and ordinarily resident 
B) A resident but not ordinarily a resident 
C) A non-resident 
D) Resident 
A) A resident and ordinarily resident 
B) A resident but not ordinarily a resident 
C) A non-resident 
D) Resident

Question 2

Income tax Act extends to ____________

Accepted Answer

A) Whole of India 
B) Whole of India except Jammu & Kashmir 
C) Whole of Maharashtra Only 
D) Madhya Pradesh 
A) Whole of India 
B) Whole of India except Jammu & Kashmir 
C) Whole of Maharashtra Only 
D) Madhya Pradesh

Question 3

M, who is entitled to salary of Rs.12,000 p.m. took advantage salary from his employer for the month of March, 2018 on 31-3-2018.The gross salary of M for assessment year 2018-19 shall__________

Accepted Answer

A) 1,44,000 
B) 1,68,000 
C) Rs.24,000 
D) 2,90,000 
A) 1,44,000 
B) 1,68,000 
C) Rs.24,000 
D) 2,90,000

Question 4

Shivaji University is assessable under the Income Tax Act as _______________.

Accepted Answer

A) An Individual 
B) An artificial Juridical Person 
C) A local Authority 
D) Person other than Individual 
A) An Individual 
B) An artificial Juridical Person 
C) A local Authority 
D) Person other than Individual

Question 5

Total income of person is determined on the basis of his ________________

Accepted Answer

A) Residential Status in India 
B) Citizenship in India 
C) Citizen 
D) Non -resident 
A) Residential Status in India 
B) Citizenship in India 
C) Citizen 
D) Non -resident

Mr. Manmohan Sharma goes out to India every year for 274 days. For the assessment year 2018 -19, he is ____________________

Income tax Act extends to ____________

M, who is entitled to salary of Rs.12,000 p.m. took advantage salary from his employer for the month of March, 2018 on 31-3-2018.The gross salary of M for assessment year 2018-19 shall__________

Shivaji University is assessable under the Income Tax Act as _______________.

Total income of person is determined on the basis of his ________________

Taxation and Exemptions Related to House Property and Employee Benefits

Taxation and Business Income: Understanding the Taxable Headings and Deductions

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Exam 1: Income Tax: Important Concepts and Definitions

Mr. Manmohan Sharma goes out to India every year for 274 days. For the assessment year 2018 -19, he is ____________________

Income tax Act extends to ____________

M, who is entitled to salary of Rs.12,000 p.m. took advantage salary from his employer for the month of March, 2018 on 31-3-2018.The gross salary of M for assessment year 2018-19 shall__________

Shivaji University is assessable under the Income Tax Act as _______________.

Total income of person is determined on the basis of his ________________

Taxation and Exemptions Related to House Property and Employee Benefits

Taxation and Business Income: Understanding the Taxable Headings and Deductions

Filters