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Quiz 1 -Tax l

Total questions: 10

Worksheet time: 9mins

Name
Class
Date
1.

The Central Government has been empowered by entry ________________ of the Union list of schedule VII of the constitution of India to levy tax on income other than agricultural income.

a)

81

b)

82

c)

84

d)

85

2.

The Income tax act, 1961 came into force w.e.f........ __________*

a)

I st' April, 1961

b)

I st' April, 1962

c)

31st March,1961

d)

None of these

3.

The governing body of the Income Tax Department-*

a)

ITAT/ Income Tax Appellate Tribunal

b)

Finance Ministry of Central Govt.

c)

CBDT

d)

Dept. of Revenue

4.

Wherever in the Act the 'phrase as prescribed' appears it means that -*

a)

Regulations are to be framed is in this respect

b)

Rules have been framed in this respect

c)

Regulations were earlier framed in this respect

d)

Regulations are framed in this respect.

5.

Which one of the following taxes is not levied by the State Government?*

a)

Entertainment tax

b)

VAT

c)

Professional tax

d)

None of these

6.

CBDT stands for.

a)

Chief Board of Direct Taxes

b)

Central Board of Direct taxes

c)

Central Board of Duplicate taxes

d)

None of these

7.

Circulars issued by CBDT are binding on

a)

Assessee

b)

Income TaxAuthority

c)

Both of these

d)

None of these

8.

Circulars are issued by the CBDT to-- the scope & meaning of the provisions of Law.

a)

Clarify the doubts

b)

Exceptions

c)

Proper Administration

d)

None of these

9.

Income tax act 1961 applicable to

a)

Jammu and Kashmir only

b)

All states in India

c)

All metro city

d)

All of India except Jammu and Kashmir 

10.

Income tax is imposed

a)

Half-yearly

b)

Annually

c)

Monthly

d)

Daily