11th Commerce Monthly Test - 2 ( Direct Taxes )

MABS Institution

11th Commerce Monthly Test - 2 ( Direct Taxes )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Income from rent of agricultural land is

Agricultural income
Business income
House property income
Casual income

Double Taxation is calculated ____________from company.

Dividend
Interest
Certificate
Bonus shares

Income Tax Act came into force on ________________

1.4.1932
1.4.1962
1.4.1947
1.4.1954

Income Tax was passed in the year

1959
1960
1962
1961

Indian Taxation system was framed in Constitution of law in Article _____________Seventh Schedule.

The year in which tax on income is computed and determined is called

Tax year
Current year
Previous year
Assessment year

The number of major heads of income under Indian Income Tax Act are

Tax charged on Long Term Capital Gain is ____________

Calculation of Gross Total income Section is__________ of IT Act.

80A.
80B (5)
80C
80G (5)

Income Tax is

a business tax
a direct tax
an indirect tax
none of these

Part - B

Generic 2 - Answer All Question

Why Income tax is called as direct tax?

What is an assessment year?

Define the term assessee?

What do you mean by Tax?

What is Applicability of Income Tax?

What are the deductions as per See 80 C?

What is Income Tax?

Part - C

Generic 3 - Answer All Question

What are all the tax rates prescribed for LTCG, STCG and lottery income?

What is Gross Total Income?

What are the exempted income from Income Tax?

What do you mean by Total Income?

Who do income tax is treated as annual tax?

Describe the administration of taxes by the Central Government.

What do you mean by previous year?

Part - D

Generic 5 - Answer All Question

Discuss the various kinds of assessees

Determine the status of following persons.
(i) Mr. Abdul kalam
(ii) Mr. Rama is a karta in a family which consists of his brother, sister, father and mother are co-parceners.
(iii) Life Insurance Corporation of India.
(iv) A partnership firm with A, B, and C are partners.
(v) Kancheepuram Silk co-operative society
(vi) A village panchayat
(vii) Reserve Bank of India.

InstaQB

Institutions

12th Standard English Medium

12th Standard Tamil Medium

11th Standard English Medium

11th Standard Tamil Medium

10th Standard English Medium

9th Standard English Medium

8th Standard English Medium

7th Standard English Medium

Class XII

Class XI

12Th Standard

11Th Standard

10Th Standard

9Th Standard

11th Commerce Monthly Test - 2 ( Direct Taxes )

MABS Institution

11th Commerce Monthly Test - 2 ( Direct Taxes )-Aug 2020

Part - A

Multiple Choice Question - Answer All Question

Income from rent of agricultural land is

Double Taxation is calculated ____________from company.

Income Tax Act came into force on ________________

Income Tax was passed in the year

Indian Taxation system was framed in Constitution of law in Article _____________Seventh Schedule.

The year in which tax on income is computed and determined is called

The number of major heads of income under Indian Income Tax Act are

Tax charged on Long Term Capital Gain is ____________

Calculation of Gross Total income Section is__________ of IT Act.

Income Tax is

Part - B

Generic 2 - Answer All Question

Why Income tax is called as direct tax?

What is an assessment year?

Define the term assessee?

What do you mean by Tax?

What is Applicability of Income Tax?

What are the deductions as per See 80 C?

What is Income Tax?

Part - C

Generic 3 - Answer All Question

What are all the tax rates prescribed for LTCG, STCG and lottery income?

What is Gross Total Income?

What are the exempted income from Income Tax?

What do you mean by Total Income?

Who do income tax is treated as annual tax?

Describe the administration of taxes by the Central Government.

What do you mean by previous year?

Part - D

Generic 5 - Answer All Question

Discuss the various kinds of assessees

Write a note on the structure of Indian Taxation system:

Write a note on slab rate of Income tax charged on Individual:

Write a note on Heads of Income under Income Tax Act:

Elucidate the any five features of Income Tax.

Define Tax. Explain the term direct tax and indirect tax with an example.

Comment

Other Study material

11th Commerce Weekly Test - 4 ( Performance of Con

11th Commerce Monthly Test - 2 ( Indirect Taxation

11th Commerce Monthly Test - 3 ( Performance of Co

11th Commerce Monthly Test - 2 ( Performance of Co

11th Commerce Monthly Test - 1 ( Performance of Co

11th Commerce Weekly Test - 1 ( Elements of Contra

11th Commerce Weekly Test - 2 ( Elements of Contra

11th Commerce Weekly Test - 3 ( Elements of Contra

11th Commerce Weekly Test - 4 ( Elements of Contra

11th Commerce Monthly Test - 1 ( Elements of Contr

11th Commerce Monthly Test - 2 ( Elements of Contr

11th Commerce Monthly Test - 3 ( Elements of Contr

11th Commerce Monthly Test - 4 ( Elements of Contr

11th Commerce Weekly Test - 1 ( Performance of Con

11th Commerce Weekly Test - 2 ( Performance of Con

Tamilnadu Stateboardszs - Class