As per Section 143(1), intimation must be sent within:

9 months from end of financial year in which return is made

6 months from end of assessment year

12 months from end of relevant financial year

18 months from end of financial year

Rule 3 of CCS (Conduct) Rules requires every Government servant to maintain which of the following?

Integrity, devotion to duty, and conduct becoming of a Government servant

Who among the following cannot file ITR-1?

Resident individual with one house property

Resident with agricultural income less than ₹5,000

Individual with income from salary only

Under Section 9, income from a property situated in India and let out by a non-resident is:

Taxable as income deemed to accrue or arise in India

Taxable only if rent is received in India

Which of the following is an exception to 'Business Connection' under Section 9?

News agency activities confined to collection of news in India for transmission abroad

Sale of data to Indian customers

Agent concluding contracts on behalf of a non-resident

Which of the following is NOT one of the five heads of income under Section 14?

Profits and Gains of Business or Profession

Which of the following correctly describes the “Charging Sections” of the Income Tax Act?

They create, define, and levy tax

They deal with penalties and prosecutions

They lay down the procedure for assessments

They contain definitions and schedules

When the definition clause in a statute uses the word “includes”, it means:

The definition is open-ended and extends meaning

The definition is exhaustive and restrictive

The term loses its ordinary meaning

It must be interpreted narrowly

Retrospective tax refers to:

A levy of tax with effect from a past date

Tax levied only for future transactions

Tax applicable only to individuals above a threshold

A tax that is temporary in nature

The RTI Act, 2005 replaced which earlier Act?

Freedom of Information Act, 2002

Information Technology Act, 2000

House Rent Allowance (HRA) exemption is least of the following EXCEPT —

50% or 40% of salary depending on city

Under Section 9(1)(i), income is deemed to accrue or arise in India if —

The business has a connection in India

The business is wholly outside India

The person is resident in India

Which of the following is essential to classify an income under the head “Salaries” under the Income-tax Act, 1961?

Existence of employer-employee relationship

Existence of a written employment contract

Payment made on a monthly basis

Payment received through a bank account

What is the condition for claiming depreciation?

Asset should be owned and used for business

Asset should be sold in same year

Under Sec. 40(a)(ia), 30% disallowance is applicable for:

Payments to resident without TDS

The POSH Act, 2013 aims to prevent sexual harassment

At the workplace, including both organized and unorganized sectors

Only in educational institutions

Perquisites are taxable under the head “Salaries” only if they are provided

By the employer to the employee

By a contractor to the employee

By a colleague to another colleague

What is the definition of 'demerger' in relation to companies?

Transfer of one or more undertakings to a resulting company

What does 'capital asset' include from the following?

Any property of any kind held by an assessee

Personal effects of the assessee

Who is defined as a 'relative' in relation to an individual?

Husband, wife, brother, sister, or any lineal ascendant or descendant

Any person living in the same household

What does 'business trust' refer to?

A trust registered as an Infrastructure Investment Trust or Real Estate Investment Trust

A trust for charitable purposes

A trust for personal investments

Expected Rent is equal to

Higher of Fair Rent or Municipal valuation subject to the maximum of Standard Rent

Lower of Fair Rent or Municipal Valuation

If Actual Rent received or receivable exceeds Expected Rent, the Gross Annual Value equals to-

Actual Rent received or receivable

TA B2 - Quiz

Authored by MSTU CHENNAI

Other

Professional Development

Used 1+ times

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

Content View
Student View

50 questions

Show all answers

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the correct accounting equation?

Assets + Liabilities = Capital

Assets = Liabilities + Capital

Capital = Assets × Liabilities

Assets – Liabilities = Revenue

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which accounting principle assumes a business will continue operations indefinitely?

Matching Principle

Cost Principle

Going Concern Assumption

Realization Principle

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The three golden rules of accounting are based on which system?

Single-entry system

Double-entry system

Accrual system

Cash system

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Trial Balance is primarily prepared to:

Calculate profit or loss

Record all transactions

Ensure total debits equal total credits

Prepare journal entries

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Income from House Property is taxable under Sections:

20 to 24

22 to 27

25 to 29

18 to 21

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following qualifies as ‘self-occupied property’?

Property used for owner’s business

Property let out to relatives

Property used for own residence

Property rented for more than 12 months

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The time limit for filing a belated return of income under Section 139(4) is:

Before end of relevant assessment year

Before completion of assessment or 3 months before end of relevant AY, whichever earlier

Within 6 months of filing the original return

Before 31 March of the next financial year

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Microsoft

or continue with

Facebook

Apple

Others

By signing up, you agree to our Terms of Service & Privacy Policy

Already have an account?

Similar Resources on Wayground

46 questions

PUNJAB

Quiz

•

6th Grade - Professio...

50 questions

PRE TEST

Quiz

•

Professional Development

45 questions

MA - Mock 1 (2023)

Quiz

•

Professional Development

51 questions

FELE Subtest 1 Comp 1

Quiz

•

Professional Development

50 questions

Health Policy and Planning SPH5223 (test 1)

Quiz

•

University - Professi...

45 questions

Soal PPPK Guru - Pedagogik

Quiz

•

Professional Development

50 questions

logos

Quiz

•

KG - Professional Dev...

48 questions

RADR 2309 Ch. 6 X-Ray Tube

Quiz

•

Professional Development

Popular Resources on Wayground

21 questions

Continents and Oceans

Quiz

•

6th Grade

20 questions

Parts of Speech

Quiz

•

5th Grade

16 questions

Subject & Predicate

Quiz

•

5th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

6 questions

Rule of Law

Quiz

•

6th - 12th Grade

22 questions

Continents and Oceans

Quiz

•

5th Grade

10 questions

Movie Trivia

Quiz

•

KG - 2nd Grade

15 questions

Rounding Decimals

Quiz

•

5th Grade

Discover more resources for Other

10 questions

How to Email your Teacher

Quiz

•

Professional Development

20 questions

Employability Skills

Quiz

•

Professional Development

14 questions

Fall Trivia

Quiz

•

11th Grade - Professi...

10 questions

Irregular verbs (1)

Presentation

•

Professional Development

12 questions

Candy Trivia

Quiz

•

Professional Development

15 questions

Cartoons

Quiz

•

KG - Professional Dev...

TA B2 - Quiz

Which of the following is the correct accounting equation?

Which accounting principle assumes a business will continue operations indefinitely?

The three golden rules of accounting are based on which system?

A Trial Balance is primarily prepared to:

Income from House Property is taxable under Sections:

Which of the following qualifies as ‘self-occupied property’?

The time limit for filing a belated return of income under Section 139(4) is:

As per Section 143(1), intimation must be sent within:

Under which Article of the Constitution is it stated that no tax shall be levied or collected except by the authority of law?

As per Section 6(1), an individual is treated as Resident if he stays in India for 182 days or more during the PY OR 365 days in preceding 4 years & 60 days in current PY.

Access all questions and much more by creating a free account

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Other