Home > Marketing Management 101 > 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
25 Questions

1. Deduction under Section 32AD is allowed to:
2. ICDS VIII deals with ____________________ .
3. For the purpose of claiming higher deduction u/s 24(b), while computing income of a self-occupied property, assessee is required to take:
4. When Mr. Avinash earned long-term capital gain of Rs. 1,80,000 on sale of listed shares, his total income being Rs. 10 lakhs, the amount of income-tax (including cess) on the said long-term capital gain would be _________ .
5. Net Annual Value of a self-occupied property treated as such is:
6. The provisions relating to interest on delay in payment of refund are given in section
7. Dividend from a company which is engaged in agricultural activities is:
8. Mr. A has loss from regular business of Rs. 8lakhs and income from speculation business of Rs. 11 lakhs. His total income chargeable to tax would be
9. Following form number is to be used for filing the return of income by an individual having business income?
10. Monetary limit for exemption in the case of encashment of earned leave on superannuation received by private sector employee is
11. A Hindu Undivided family is said to be resident in India if
12. TDS U/s 193 in respect of interest on securities if payee does not furnish PAN is:
13. Which of the following is not a case of deemed ownership of house property?
14. Block of asset is required to be increased by an amount which is actual cost of the asset being covered u/s 35AD that amount is:
15. Cost of acquisition of capital asset being immovable property acquired through gift covered u/s 49(4) is:
16. Rent after deducting municipal taxes is Rs. 2,00,000, the amount of taxable income from house property is:
17. When the gross receipts from profession exceed Rs. ________ lakhs, it is liable for audit under section 44AB and the provisions of section 44ADA will not apply.
18. Income tax is a:
19. Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)
20. Deduction under the section 80E is allowed in respect of
21. The payment under Bhopal Gas Leak Disaster shall be______
22. Which of the following can be corrected while processing the return of income under section 143(1)?
23. Where assessment has not been completed, belated income tax return for the A.Y. 2018-19 can be filed up to:
24. Mr.Laxman occupied his apartment till December 2015 and thereafter occupied the quarters provided by the employer. The apartment of Mr.Laxman was let out at Rs. 20,000 per month from 1st January, 2016. The annual value of the property would be
25. Section 80 RRB the Income-tax Act, 1961 deals with deduction from gross total income in respect of income by way of

⚡ Recently practiced quizzes in this topic
Live quiz activity
Bachelor of Mass Media in Advertising (BMM Advertising) Practice Test: Copywriting International Marketing Practice Test Questions Bachelor of Mass Media in Advertising (BMM Advertising) Practice Test: Media Planning and Buying Basic Marketing Practice Test Modern Marketing Glossary Pricing Exam Marketing Practice Test: Developing and Managing Products Marketing Practice Test: Decision Support Systems and Marketing Research FBLA Advertising Review Marketing Management Practice Test Questions: All Topics
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.