Income Tax Law and Practices

M

Mr. Dubey • 51.43K Points
Coach

Q 21. The tax incidence for company or firm in which income received in India and company is resident is .

(A) Taxable
(B) Non-taxable
(C) Partly taxable
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 22. The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of non-resident is .

(A) Taxable
(B) Non-taxable
(C) Partly taxable
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 23. The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of resident is .

(A) Taxable
(B) Non-taxable
(C) Partly taxable
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 24. Income deemed to be received in India whether occurred in India or outside India, the tax incidence in case of resident is .

(A) Taxable as per slabs
(B) Exempted from slab
(C) Partly exempted
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 25. Income received in India whether occurred in India or outside India, the tax incidence in case of non-resident is .

(A) Taxable as per slabs
(B) Exempted from slab
(C) Partly exempted
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 26. Income received in India whether occurred in India or outside India, the tax incidence in case of resident but not ordinarily resident is .

(A) Taxable as per slabs
(B) Exempted from tax
(C) Partly exempted
(D) none
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M

Mr. Dubey • 51.43K Points
Coach

Q 27. Income received in India whether occurred in India or outside India, the tax incidence in case of resident is .

(A) Taxable as per slabs
(B) Exempted from tax
(C) Partly exempted
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 28. The awards and rewards are exempted from Income Tax if .

(A) Payment is in cash
(B) Payment is in kind
(C) Payment is in cash or in kind
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 29. The HUF is said to be resident in India if .

(A) The control and management of its affairs is wholly or partly situated in India
(B) The control and management of its affairs is partially situated out of India
(C) The control and management of its affairs is wholly or partly in out of India
(D) None of the above
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M

Mr. Dubey • 51.43K Points
Coach

Q 30. An individual is said to be resident in India if .

(A) It is in India in the previous year for a period of 182 days or more
(B) It is in India for period of 60 days or more during the previous and 365 days or more during the four years immediately proceeding previous year
(C) All of the above
(D) None of the above
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