Residence and Scope of Total Income MCQ | 50 Free MCQs

21. If the assessee does not satisfy the basic condition he will be treated as ……………..
a) Ordinary Resident
b) Non-ordinary Resident
c) Non Resident
d) None of the above

22. If the assessee satisfies the basic condition he will be treated as ………………..
a) Resident
b) Non-ordinary Resident
c) Non Resident
d) None of the above

23. A person shall be deemed to be of an Indian origin if he or either of his or any of his ………….. were born in …………… India.
a) Parents and grandparents, Undivided
b) Child and Parents, Undivided
c) None of the above

24. If an individual satisfies only basic condition and non of the additional condition he will be called as ……………..
a) Ordinary resident
b) Non-ordinary resident
c) Non-resident
d) None of the above

25. Agricultural Income is …………… from tax. However, it is included in the total income for determining the ………….. of tax.
a) Omited, rate
d) Calculated, rate
c) Exempted, rate

26. Upper monetary limit for claiming exemption from gratuity for “other” category is ……………..
a. Rs 10,00,000
d. Rs 9,00,000
c. Rs 1,00,000
d. Rs 5,00,000

27. Uncommuted pension means …………… payments.
a) Lumsum
b) Periodical
c) Yearly
d)None of the above

28. Commutted pension is exempted in the hands of …………….. employees.
a) Private
b) government
c) None of the above

29. …………….. is maximum celing for claiming exemption as compensation on retirement of an employee from a PSU u/s 10 (10c).
a. Rs 10,00,000
d. Rs 9,00,000
c. Rs 1,00,000
d. Rs 5,00,000

30. Minors Income which is clubbed with that of is parent is exempted up to …………….. .
a) 1,500 per minor child
b) 2,000 per minor child
c) None of the above

Answer: 21) Non-Resident 22)Resident 23)Parents and grandparents, Undivided 24)Non-ordinary resident 25)Exempted, rate 26)10,00,000 27)Periodical 28)government 29)5,00,000 30)1,500 per minor child