Aspirant Hub

Tax Law Mock Test For December 2022 Exam  • Total - 40 Mock Tests (DT+GST)  • Direct Tax - 20 Mock Tests (All Chapter Cover) • GST - 20 Mock Tests (All Chapter Cover) • Chapter & Mixed MCQ  • Live Result  • Unlimited Attempt  • 30 Days VALIDITY  [Old Price ₹150/-] Just ₹100/ - (Diwali Offer) BUY NOW   Note -    After Payment, Within 48 hours you will get Mock Test Links & Password in your Email inbox, Except Sunday. After Payment  SEND SCREENSHOT on WhatsApp with your Details    Name : Mobile No: Email : Transaction id : Whatsapp Us https://wa.me/message/HJAYZRP7ZH2NC1 Email id - cs.aspirant.edu@gmail.com Team CS Aspirant

1. If income is from sale of house property, it will be taxable under the head……… a) Capital Gains b) Business or Profession c) Other Sources d) None of the above 2. The term house property shall include ……………………… a) buildings b) land appurtenant thereto c) both a) and b) d) None of the above 3. If composite rent is inseparable, it shall be taxed under head a) Other Sources b) House Property c) Business or Profession d) PGBP or Other Sources 4. If any person has let out only land, which is not essential part of a building, income is taxable a) Other Sources b) House Property c) Business or Profession d) Salary b) 5. What is Standard rent of house property? a) the rent of similar types of buildings in the same locality b) rental value determined by the municipality for the purpose of charging municipal tax c) the highest possible rent as per Rent Control Act d) none of the above 6. Kajal is the owner of a house property covered under the Rent Control Act. Municipal value Rs. ...

1.Salary is chargeable to tax on ……………… basis a) due basis b) receipt basis c) due or receipt, whichever is earlier d) due or receipt, whichever is later 2. If S draws salary in advance of April 2020 in March 2020 itself, the same is taxable on receipt basis and be assessed as income of the P.Y. ………………… a) 2019-20 b) 2018-19 c) 2020-21 d) None of the above 3. If S draws salary in advance of April 2020 in March 2020 itself, the same is taxable on receipt basis and be assessed as income of the assessment year ………………… a) 2020-21 b) 2019-20 c) 2018-19 d) None of the above 4. If salary due for March 2020 is received by P later in April 2020, it is chargeable as income of the P.Y. ………. a) 2019-20 b) 2020-21 c) 2018-19 d) None of the above 5. Every payment by an employer to his employee for service rendered would be taxable as …………. a) income from salaries b) income from PGBP c) income from house property d) income from other sources 6. Salary under section 17(1) includes a) Le...

  Chapter Two Residential Status   1. Total income is based on / total income varies according to: a) residential status of assessee b) citizenship of assessee c) both A and B d) none of the above   ANS –   A   2. ………………… is determined for each category of persons separately: a) Residential status b) Citizenship c) Originship d) All the above   ANS – D   1. A person may be resident in ………… in any previous year: a) more than one country b) only one country c) only two country d) none of the above   ANS – A   2. A person may be a ……………………. but may not be……………. a) citizen of India, resident of India b) resident of India, citizen of India c) Both a) and b) d) None of the above   ANS – C   3. Individual is a resident in India if he is in India for a period or periods amounting in all to: a) more than 182 days b) 182 days or more c) less than 182 days d) 60 days o...