CS Executive, DIRECT TAX (CH 1-2)
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1. A person leaves India permanently on 11.2022. The assessment year for income earned till 15.11.2022 in this case shall be:
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2. The total income of the assessee has been computed at ₹3,83,494.90. For rounding off, the total income will be taken as:
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3. For assessment year 2023-24, a firm is subject to income-tax at a flat rate of:
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4. The maximum amount on which income-tax is not chargeable in case of H.U.F. for assessment year 2023-24 is:
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5. Surcharge on income tax for the Y. 2023-24 is payable by a domestic company other than referred to in section 115BAA or 115BAB at the rate of:
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6. Sita Raman born in U.K. is a foreign citizen. His father Radha Raman was born in Rajasthan in 1960 and mother Geeta was born in South Africa in 1965. His grandfather was also born in Rajasthan in 1935. Sita Raman for the first time to see historical places comes to India on 25th November, 2020 and remained till June, 2021 for 200 Residential status for assessment year 2021-22 of Sita Raman shall be:
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7. A resident assessee, who is of the age of 60 years or more but less than 80 years at any time during the previous year 2021-22 shall not be paying tax on income up to but shall be paying surcharge at the rate of of income tax where total income exceeds 1 crore.
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8. Person is defined under section of the Income Tax Act, 1961
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9. The incidence of tax on income under the Income tax Act, 1961 is linked with residential status of an Ram, an individual brought into India during the previous year 2021-22 past untaxed profits of Rs. 2,00,000 of the business in UK. State in which case amount of Rs. 2,00,000 brought into India be put to tax in A.Y.2022-23 when Ram is (a) Resident and Ordinary resident (R&OR); (b) Resident and not Ordinary resident (R&NOR) and (c) Non-Resident (NR).
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10. R, a foreign national but a person of Indian origin visited India during previous year 2022-23 for 181 His total income (excluding from foreign sources) was ₹ 14,00,000. During 4 preceding previous years he was in India for 400 days. R shall be:
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11. Income which accrue or arise outside India from a business controlled from India is taxable in case of:
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12. A's total income for the assessment year 2023-24 is ₹7,90,000. His tax liability, if he exercises option u/s 115BAC, shall be—
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13. In case of an individual and HUF, health and education cess is leviable only when the total income of such assessee:
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14. R, a resident in India, is 57 years His total income for the assessment year 2023-24 is ₹4,90,000. His tax liability, if he has not opted to be taxed u/s 115BAC, shall be:
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15. Income-tax is rounded off to:
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16. The total income of the assessee has been computed as ₹4,83,495. For rounding off the total income will be taken as:
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17. R’s total income for the assessment year 2023-24 is ₹ 10,20,000. His tax liability, if he does not exercise option u/s 115BAC, shall be:
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18. Gift of money amounting to ₹2,00,000 made by a resident on 06.2021 to a non-resident outside shall be
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19. Mrs. A, a non-resident in India is 66 years old. Her total income for the assessment year 2023-24 is ₹6,35,440. Her tax liability, if she does not exercise option u/s 115BAC, shall be—
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20. Interest payable outside India by a non-resident in India to a non-resident in India shall—
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21. Fee for technical services paid outside India by a non-resident in India to a non-resident in India shall—
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22. Royalty paid by a resident in India to a non-resident outside India—
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23. Where a non-resident has a business connection in India but its operation are confined to purchase of goods in India for the purpose of export, such income shall
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24. Where a non-resident has any income from a business connection in India, such income_____
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25. Dividend paid by an Indian company outside India is______
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26. R was bom in India in 1989. His father was bom in India in 1949 and his mother was bom in England. His grandfather was bom in England & his grandmother was bom in South Africa. The parents of R along with R took the citizenship of England. R is:
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27. R was bom in England, his parents were bom in India in 1951. His grandparents were bom in South Africa. R shall be:
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28. Income deemed to accrue or arise in India is taxable in case of:
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29. Incomes which accrue or arise outside India but are received directly into India are taxable in case of:
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30. Residential status is to be determined for:_______
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31. A's total income for the assessment year 2023-24 is ₹7,90,000. His tax liability, if he does not exercise option u/s 115BAC, shall be—
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32. Mrs. A, a non-resident in India is 66 years old. Her total income for the assessment year 2023-24 is ₹6,35,440. Her tax liability, if she exercises option u/s 115BAC, shall be—
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33. The maximum amount on which income tax is not chargeable for the assessment year 2023-24 in case of an individual who is resident in India of the age of 80 years or more and has not exercised the option to be taxed u/s 115BAC is:
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34. Mrs. R, a resident of India, is 56 years old. Her total income for the assessment year 2023-24 is ₹11,20,000. Her tax liability, if she exercises option u/s 115BAC, shall be:
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35. Guidelines issued by CBDT by a circular are binding on
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36. Part III of First Schedule of the Finance Act, 2022 has given the rates of advance tax & tax to be deducted in case of salary for the assessment year
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37. R, a citizen of India left India for S. on 16.8.2022 for booking orders on behalf of an Indian company for exporting goods to U.S. He came back to India on 5.5.2023. He had been resident in India for the past 10 years. For assessment year 2023-24, R shall be:
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38. Income which accrue or arise outside India and also received outside India is taxable in case of:
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39. R , is an Indian company whose place of effective management is situated outside India. R Ltd., shall be:
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40. R, a foreign national visited India during previous year 2022-23 for 180 days. Earlier to this he never visited India. R in this case shall be:
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41. R , is registered in U.K. The place of its effective management in the previous year is in India. R Ltd., shall be:
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42. Gift of movable property valuing ₹4,00,000 made by a resident on 16.08.2021 to a non-resident outside India shall be
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43. R was bom on 5th April, 1991 in India & he later on took the citizenship of S.A. Neither his parents nor his grandparents were bom in divided/undivided India. R in this case shall be:
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44. Total income of a person is determined on the basis of his:
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45. Health and education cess is leviable in case of:
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46. A, a resident of India, is 61 years old. Her total income for the assessment year 2023-24 is ₹4,50,000. Her tax liability, if she exercises option u/s 115BAC, shall be:
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47. Gift of money amounting to ₹2,00,000 made by a resident on 08.2021 to a non-resident outside India shall be
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48. R’s total income for the assessment year 2023-24 is ₹ 10,20,000. His tax liability, if he exercises option u/s 115BAC, shall be:
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49. Finance Bill becomes the Finance Act when it is passed by:
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50. Income-tax Act extends to:
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