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Direct TAX MCQ Question with Answer

Direct TAX MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 22
The CBDT consists of

One director & Two Members
One President & Seven Members
One Chairman & Six Members
None of the above.

Question No : 23
Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first previous year will start from

1st April '05
1st Sept '05
Any of the above
None of the above.

Question No : 24
Assessment year 2006-07 commenced on

1st April '05
1st April '06
1st April '07
31st March '06

Question No : 25
According to Section 2(7) of Income Tax Act "Assessee" means

A person by whom any tax or other sum of money is payable
A person by whom any proceeding under the Act has been taken
A person who is deemed to be an assessee in default under any provision of this Act
All of the above

Question No : 26
The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get a deduction of Rs.30, 000 under sections 80C to 80U.His Gross Total Income and Net Total income are

Rs.150000 & 30000 respectively
Rs.150000 & 120000 respectively
Rs.120000 & 30000 respectively
None of the above.

Question No : 27
The term "Person" includes

A Registered Firm
An Unregistered Firm
All of the above
None of the above

Question No : 28
A company is considered to be resident if

It is an Indian Company
During the previous year it's control and management is situated wholly in India
(a) & (b) both
Any of the above

Wanna test your skill? Here are some exams we prepared for you. So if you need to test your skill just attempt any exam from bellow.

Exam Name No. Of Q Link
Accounting set 1 30 Start
Accounting set 2 30 Start
Accounting set 3 30 Start
Accounting set 4 30 Start
Accounting set 5 30 Start
Accounting set 6 30 Start
Accounting set 7 30 Start
Accounting set 8 30 Start
Accounting set 9 30 Start
Accounting set 10 30 Start
Accounting set 11 30 Start
Accounting set 12 30 Start