WorksheetsQuiz 3-tax 1
Total questions: 10
Worksheet time: 10mins
The incidence of income tax depends on_______
The citizenship of the tax-payer
The age of the taxpayer
The residential status of the tax-payer
The nationality of the taxpayer
Scope of total income depends on _________
Citizenship of the person
Nationality of the person
Residential status of the person
None of the above
Which of the following is taxed in the hands of a resident and ordinarily resident?
Income accrued in India
Income deemed to accrue or arise in India
Income received or deemed to be received in India
All of the above
Income deemed to accrue or arise in India shall not be chargeable for
Resident and Ordinarily Resident
Resident but Not Ordinarily Resident
Non-Resident
None of the above
Non-resident shall not be chargeable to tax for the -
Income received in India
Income deemed to accrue or arise in India
Income from business accrued in India though such business is controlled from a place outside India
None of the above
Identify the income(s) that may be taxable in the hands of a resident and ordinarily resident
Bank interest from Punjab National Bank, Ahmedabad
Rental Income from property located in Washington DC, USA
Rental income from hotel located in Switzerland
All of the above
Identify the income that may be taxable in the hands of a non-resident in India
Bank interest from State Bank of America, New Jersy
Rental Income from property located in Washington DC, USA
Rental income from hotel located in Switzerland
Rental income from property located in Ahmedabad
Capital gain arising on transfer of property situated in India is treated as _______
Income deemed to accrue or arise in India
Foreign income
Tax free income
Net of tax Income
Mr. Bhushan is a non-resident since last twenty years. He owns a flat in Delhi. The flat is sold by him during the previous year. Such capital gain shall be _________ in India.
Exempt from tax
Taxable
Partially Taxable
None of the above
Agricultural income in Pakistan received there, is______
Taxable for resident and ordinarily resident persons
Taxable for not ordinarily resident persons
Taxable for non-resident persons
Not taxable
