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Principles Of Income Tax Laws
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Principles Of Income Tax Laws
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25 Questions

1. If an assesses earns rent from a sub-tenant in respect to tenanted property let out as a residence, the said rent is ………………….
2. Section 2(9) of Income tax deals with…………..
3. A person is Non-resident if he fails to fulfil.....................
4. Income received in India is taxable in the hands of...........................
5. According to section 2(24) definition of 'income' is ------
6. A Perk is.........................
7. Who amongst the following confers on the power to issue circulars and clarifications?
8. Income Tax Act came into force on…………
9. Dividend from an Indian Company is …………………
10. Any payments made outside India and TDS is not paid, then it is …………
11. The Income tax act, 1961 came into force w.e.f........ __________ _
12. A new business was set-up on 1st July, 2018 and trading activity was commenced from 1st September, 2018, the previous year would be the period commencing from
13. Rent from vacant plot of land is assessible under the head …………………
14. In case the Key man insurance policy is taken in name of any other person any sum received on its maturity by such person shall be taxable under the head –
15. Income Tax is charged in –
16. Income tax is a………………….
17. In order to be assessed as HUF there should be –
18. When the income earned in an year is taxed in the same year, it is called …………………..
19. A citizen of India who goes abroad for the purpose of employment, he must stay in India in the previous year for at least ............................. days to become a resident
20. Income from other sources is a.................
21. The salary, remuneration or compensation received by the partners is taxable under the head ………………………….
22. Circulars and Notifications are binding on the
23. The following conditions must be satisfied to charge the rental income under the head Income of House Property:
24. Who among the following may be 'not ordinarily resident'?
25. Subletting is assessible under the head …………………