Practice Test

Q1) Incomes which accrue or arise outside India but are received directly into India are taxable in case of Show Answer

Q2) Income which accrue or arise outside India and also received outside India is taxable in case of : Show Answer

Q3) Income which accrue outside India from a business controlled from India is taxable in case of : Show Answer

Q4) Income deemed to accrue or arise in India is taxable is case of : Show Answer

Q5) Income taxable in all the cases is Show Answer

Q6) An Indian Income is taxable for Show Answer

Q7) A foreign Income is not taxable for Show Answer

Q8) An Income from business in Dubai, controlled from India is not taxable for Show Answer

Q9) Rent from property in Mumbai, rent received in Dubai is Show Answer

Q10) Asset sold in Nepal, Amount received in Bhopal is Show Answer

Q11) Income from business in Mumbai, controlled from Dubai is Show Answer

Q12) Income from salaries in Pune, received in Pakistan is Show Answer

Q13) Income from business in New Zealand, controlled from England is Show Answer

Q14) Personal gifts received are Show Answer

Q15) Income from business in Dubai, controlled from India Rs.80,000 (Rs.60,000 received in India) The taxable amount for a non resident shall be Show Answer

Q16) Income from business in Dubai, controlled from India Rs.80,000 (Rs.60,000 received in India), the taxable amount for a Resident & ordinarily Resident shall be Show Answer

Q17) Income from business in Dubai, controlled from India Rs.80,000 (Rs.60,000 received in India), the taxable amt. for a Resident & Not ordinarily Resident shall be Show Answer

Q18) If an Income is accrued in India, It's said to be Show Answer

Q19) For a Resident, the Income taxable is Show Answer

Q20) For a Non Resident, the Income taxable is Show Answer

Q21) Incomes which accrue or arise outside India but are received directly into India are taxable only in case of resident. Show Answer

Q22) Income deemed to accrue or arise in India is taxable in case of all the assesses. Show Answer

Q23) Income which accrue or arises outside India from a business controlled from India is taxable in case of only not ordinarily resident. Show Answer

Q24) Income which accrues or arises outside India and also received outside India is taxable in case of both ordinarily resident and not ordinarily resident. Show Answer

Q25) Total income of a person is determined on the basis of his citizenship in India. Show Answer

Q26) A company, whose managing director is a resident but ‘not ordinary resident’ is treated as ‘resident but not ordinarily resident in India”. Show Answer

Q27) A foreign company is always non-resident in India. Show Answer

Q28) All heads of Income as defined under S.14 are mutually exclusive. Show Answer

Q29) Rules for computation of Income under all heads are the same. Show Answer

Q30) Gross Total Income is the sum total of Income of the assessee, during the previous year, from all sources. classified and computed under different heads. Show Answer

Q31) Income which accrues or arises in India is taxable for all the assessee. Show Answer

Q32) Income received in India is not taxable at all. Show Answer

Q33) Foreign income of ordinary resident not taxable in India. Show Answer

Q34) Income aacrues or arises outside India is not taxable for Non Resident Show Answer

Q35) past untaxed profit is taxable to all assessee. Show Answer

Q36) A company ,whose managing director is a resident but "not ordinarily resident" is treated as "resident but not ordinarily resident in India. Show Answer

Q37) Only individuals and HUF can be resident , but not ordinarily resident in India. Show Answer

Q38) An Indian Co. is always treated as Non resident Co. Show Answer