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Principles of Income Tax
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Principles of Income Tax
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25 Questions

1. Daily and Constituency allowance paid to Members of Parliament are totally exempted from income Tax.
2. The term' income' includes the following types of incomes -
3. Which authority is the highest income authority under Income Tax Act, 1961.
4. The term GST in the act stands for
5. Income of minors is included in income of…….
6. Section 270A provides Penalty for……. of income.
7. GST represents the following tax structure.
8. Which of the following sections deals with exempted Income?
9. Indirect Tax is…………
10. ______________is basically finding the loophole that exempts you from paying taxes and it
11. Circulars and Notifications are binding on the
12. What is clubbing of Income?
13. Income from house property means…...
14. Assessing officers may exercise powers of civil court for the…………. purposes.
15. Which of the following officers can exercise Powers to requisition books of account ?
16. What is the difference between a direct & an indirect tax?
17. _______contains 97 items which comprise of the subjects having national significance.
18. As per Section 120, which of the following authority which of the following authorities may direct jurisdiction,
19. The aim of Taxation is……………
20. Amendments by the finance act are made applicable from
21. 'A charge imposed by some Governmental agency for which it has been collected' is called as
22. As per Section 120 of The Income Tax Act , the Authorities may exercise jurisdiction on the basis of ……………..
23. Which is exempted income from house property.
24. What of the following tax is abolished by GST in India.
25. CBIC means………..

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