Inter PN-7 Direct and Indirect Taxation Quiz 8

1. The circular issued by by CBDT are binding on

2. The way of tax liability by taking full advantage provided by the Act is

3. A example of Casual Income is

4. Person u/s 2(31) does not Include

5. Surcharge on Income Tax is payble by

6. Receipt of amount on maturity of LIC Policy is

7. Total Income of a person is determined on the basis of his

8. The onus of responsibility to prove the residential status of a person lies with

9. A Resident in India cannot become resident in any other country for the same previous year

10. Income which accrue or arise outside India but are received directly into India are taxable in the case of

11. Residential Status is to be determined for

12. Rebate u/s 87A Applicable to:

13. A person can have same residential status in :

14. In case of an individual or HUF, agricultural income is

15. Remuneration to partner of a firm engaged in the business of growing and manufacturing rubber in India is:

16. An Indian citizen leaving India during the previous year for employment purpose is said to be resident if

17. Mr. X, partner of M/s XYZ, is assessable as

18. Income tax is a

19. Following is not a head of income:

20. For the purpose of levying tax on income other than agricultural income, Union List contained entry

21. CBIC has clarified that safeguard duties, anti-dumping duties and countervailing duties are rebatable as drawback in terms of section                 of the Customs Act

22. As per notification, no drawback of import duty will be allowed in respect of which of the following goods, if they have been used after their importation in India?

23. Under Section 74(1) when goods capable of being easily identified, which have been imported into India and upon which any duty has been paid on importation                % of duty be paid back.

24. Where the goods are sent back as such to the foreign country owing to which of the following reasonsit is considered as re-exportation?

25. The loading, unloading and handling charges associated with the delivery of the imported goods at the place of importation shall be