{"id":11298,"date":"2021-11-21T12:08:14","date_gmt":"2021-11-21T06:38:14","guid":{"rendered":"https:\/\/scholarsclasses.com\/blog\/?p=11298"},"modified":"2025-10-09T16:59:53","modified_gmt":"2025-10-09T11:29:53","slug":"heads-of-income-mcq","status":"publish","type":"post","link":"https:\/\/scholarsclasses.com\/blog\/heads-of-income-mcq\/","title":{"rendered":"Heads of Income MCQ | 50 Free MCQs"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-text-align-center\">Heads of Income MCQ<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"576\" data-src=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/11\/Heads-of-Income-MCQ-1024x576.jpg\" alt=\"Heads of Income MCQ\" class=\"wp-image-11309 lazyload\" title=\"\" data-srcset=\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/11\/Heads-of-Income-MCQ-1024x576.jpg 1024w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/11\/Heads-of-Income-MCQ-300x169.jpg 300w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/11\/Heads-of-Income-MCQ-768x432.jpg 768w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/11\/Heads-of-Income-MCQ-1536x864.jpg 1536w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/11\/Heads-of-Income-MCQ-640x360.jpg 640w, https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2021\/11\/Heads-of-Income-MCQ.jpg 1920w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/576;\" \/><figcaption class=\"wp-element-caption\"><strong><strong><strong><strong><strong><strong><strong>Heads of Income MCQ<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/scholarsclasses.com\/blog\/business-economics-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/business-economics-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" data-type=\"URL\" data-id=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><strong><strong><a href=\"https:\/\/scholarsclasses.com\/blog\/income-tax-mcq\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>MCQs on other topics of Taxation<\/strong><\/a><\/strong><\/strong><\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" data-type=\"URL\" data-id=\"https:\/\/www.icsi.edu\/media\/webmodules\/modelquestionpaper\/CMA-MCQ%20100.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cost Accounting MCQs pdf <\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>1. Expenses incurred by an assesses in relation to exempt income are &#8230;&#8230;&#8230;&#8230;.. u\/s 14 A of the Income tax Act, 1961.<\/strong><br>a) Not deductable<br>b) deductable <br>c) None of the above<\/p>\n\n\n\n<p><strong>2. The total of 5 heads of income given u\/s 14 is called as &#8230;&#8230;&#8230;&#8230;.<br><\/strong>a) Net total Income <br>b) Gross total Income<br>c) None of the above<\/p>\n\n\n\n<p><strong>3. There are &#8230;&#8230;&#8230;&#8230;.. heads of income under income tax act, 1961.<br><\/strong>a) Four<br>b) Six<br>c) five<br>d) None of the above<\/p>\n\n\n\n<p><strong>4. The Technique of computation of income chargeable to tax depends upon the &#8230;&#8230;&#8230;&#8230; of income.<\/strong><br>a) Basis <br>b) classification <br>c) None of these<\/p>\n\n\n\n<p><strong>5. The total of 5 heads of income given u\/s 14 is termed as &#8230;&#8230;&#8230;&#8230;&#8230;.<\/strong><br>a) Total Income <br>b) Gross Total Income <br>c) Net Total Income <br>d) None of the above<\/p>\n\n\n\n<p><strong>6. Provisions applicable under each head of income are &#8230;&#8230;&#8230;&#8230;&#8230;.<br><\/strong>a) Same <br>b) Similar <br>c) Different <br>d) None of the above<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Answers:<\/strong> <span class=\"has-inline-color has-vivid-red-color\">1)Not deductable  2)Gross total Income<\/span>  <span class=\"has-inline-color has-vivid-red-color\">3)five<\/span>  <span class=\"has-inline-color has-vivid-red-color\">4)classification<\/span>  <span class=\"has-inline-color has-vivid-red-color\">5)Gross Total Income  6)Different<\/span>  <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Learn the chapters on TYBCOM from our <a href=\"https:\/\/studio.youtube.com\/channel\/UCExY0hxogv75WdPK1MFS3fw\" data-type=\"link\" data-id=\"https:\/\/studio.youtube.com\/channel\/UCExY0hxogv75WdPK1MFS3fw\" target=\"_blank\" rel=\"noopener\">YouTube channel<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":11309,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,7,1],"tags":[3868],"class_list":["post-11298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bcom","category-degree-college","category-misc","tag-heads-of-income-mcq"],"_links":{"self":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/11298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/comments?post=11298"}],"version-history":[{"count":4,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/11298\/revisions"}],"predecessor-version":[{"id":39744,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/posts\/11298\/revisions\/39744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media\/11309"}],"wp:attachment":[{"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/media?parent=11298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/categories?post=11298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scholarsclasses.com\/blog\/wp-json\/wp\/v2\/tags?post=11298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}