Home > General Studies (Hindi) > Quizzes > CMA Intermediate Exam: Direct Taxation
CMA Intermediate Exam: Direct Taxation
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 17% Most missed: “Deduction under the section 80E is allowed in respect of”
Syllabus (with weightage): Section A : Income Tax Act Basics 10% 1. Introduction to Income Tax Act, 1961 2. Income which do not form part of Total Income (Section 10, 11 to 13A) Section B : Heads of Income and Computation of Total Income and Tax Liability 70% 3. Heads of Income and Computation of Total Income under various heads 4. Clubbing Provisions, Set off and Carry forward of Losses, Deductions 5. Assessment of Income and tax liability of different persons Section C : Tax Management, Administrative Procedures and ICDS 20% 6. TDS, TCS and Advance Tax 7. Administrative... Show more
CMA Intermediate Exam: Direct Taxation
Time left 00:00
1 Questions

1. An individual purchased a painting on 01-11-2017 for Rs. 5,00,000 though fair market value of the asset is `5,25,000. Income taxable u/s 56(2)(x) is: