Income Tax Department Semester Paper, Income Tax Semester Paper, income tax law and practice question papers, ncweb previous question paper, aaykar ganana patrak 2018-19 pdf.
Today everyone wants a government job because of job security. If you are from commerce background and interested in government job, then you can opt for income tax department job. Income Tax Department Semester Paper is run by the Central Government.
The main function of income tax employees is to collect income tax from individuals or organizations and generate revenue. This year IT department is recruiting 20000+ candidates. Today, we will provide you some of the most important and relevant details that will help you crack the exam successfully.
Income Tax Department Semester Paper :
Applicants must be thoroughly prepared for the Income Tax Exam. The most important thing to apply before appearing for any income tax exam are previous year question papers. Also, applicants must be aware of the syllabus and exam pattern. Income Tax Department Previous Year Question Papers are beneficial for revision purposes after you complete your preparation.
In order to download Income Tax Department, Previous Year Question Papers PDF, candidates need to log on to the official recruitment website of Income Tax Department. Following the previous year question papers at the time of preparation will help the candidates to understand the difficulty level and standard of the question paper.
Start Income Tax Quiz :
Government job is one of the safest jobs, but if you are an income tax officer, you will get many more benefits along with job security.
Becoming an Income Tax Officer is very prestigious for you and also for the society. So, at any cost, every applicant applying for the Income Tax Exam wants to get a job.
B.com Pattern MCQ Questions :
income tax exam 2015, income tax departmental exam 2016, income tax exam, income tax department exam, income tax department exam, rcub question papers, sale tax book in hindi pdf, b com 2nd year taxation important questions.
1. Income Tax Act was passed in the year …………….
- A) 1934
- B) 1956
- C) 1961
- D) 1972
2. Income Tax Act came into force on …………..
- A)1st April 1935
- B) 1st April 1961
- C) 1st April 1962
- D) 1st April 1956
3. Income tax is a ………………….
- A) Professional tax
- B) Direct tax
- C) Indirect tax
- D) Service tax
4. Income tax rates are fixed in ……………..
- A) Income tax Act
- B) Finance Act
- C) Income tax rules
- D) Finance rules
5. There are …………… heads of income.
- A) 3
- B) 4
- C) 5
- D) 2
6. A person with the age of ………… or more is considered as a super senior citizen as per Income tax Act.
- A) 56
- B) 60
- C) 80
- D) 85
7. The minimum exceptional limit of income is……………….
- A) 250,000
- B) 200,000
- C) 300,000
- D) 500,000
8. Rebate of Income tax is defined as per section ……………..
- A) 81A
- B) 87A
- C) 81C
- D) 87C
9. Section 2(9) of Income tax deals with …………..
- A) Person
- B) Assessee
- C) Previous Year
- D) Assessment Year
10. Assessment year is the period of 12 months commencing from ……………. Every year.
- A) 1st March
- B) 31st March
- C) 1st April
- D) 30th April
Income Tax Department Semester Paper 2022 :
11. When the income earned in an year is taxed in the same year, it is called ………………….
- A) Advanced Assessment
- B) Super Assessment
- C) Accelerated Assessment
- D) None of the above
12. Surcharge is levied when the total income exceeds …………………..
- A) 5 Crore
- B) 10 Crore
- C) 1 Crore
- D) 2 Crore
13. Educational cess is charges at the rate of ………….
- A) 2%
- B) 1%
- C) 3%
- D) 5%
14. As per Income tax Act, Person includes ……………
- A) Individual
- B) HUF
- C) Local Authority
- D) All of the above
15. CBDT stands for …………………………..
- A) Central Bureau of Direct Taxes
- B) Central Board of Direct Taxes
- C) Citizen’s Board of Direct Taxes
- D) Citizen’s Bureau of Direct Taxes
16. CBDT is control by …………………………………..
- A) Central Government
- B) State Government
- C) Both (A) and (B)
- D) None of this above
17. To be an Ordinarily resident in India, an individual must satisfy ……………………….
- A) Both Basic Conditions and One Additional Condition
- B) One Basic Condition and Both Additional Conditions
- C) One Basic Condition and One Additional Condition
- D) Both Basic Conditions and Both Additional Conditions
18. A Company has …………. types of residential status.
- A) 2
- B) 3
- C) 1
- D) 4
19. A citizen of India who goes abroad for the purpose of employment, he must stay in India in the previous year for at least ……………………….. days to become a resident.
- A) 90 days
- B) 162 days
- C) 180 days
- D) 182 days
20. Who is assessee in case of a HUF?
- A) Karta
- B) Coparceners
- C) Deemed Karta
- D) None of these
Income Tax Department Semester Paper :
21. Dividend from an Indian Company is …………………
- A) Fully Taxable
- B) Partly Taxable
- C) Fully Exempted
- D) None of these
22. Expenditure incurred on exempted income is …………. as deduction.
- A) Fully Allowed
- B) Partly Allowed
- C) Not Allowed
- D) None of these
23. Income exempted from tax are stated in the section ……………. Of Income Tax Act.
- A) 5
- B) 10
- C) 12
- D) 8
24. Income from Salary is explained in the section ……………………
- A) 12 to 14
- B) 15 to 17
- C) 18 to 22
- D) 24 to 26
25. Salary is defied as per section ……….
- A) 15(2)
- B) 16(1)
- C) 17(2)
- D) 17(1)
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Income Tax Department Semester Paper 2022 FAQs :
What does quiz mean?
A quiz is a type of game or brain exercise in which players (alone or in a team) attempt to answer questions correctly. Quiz is also a type of brief assessment used to measure growth in knowledge, ability and/or skill in education or other similar areas Income Tax Department Semester Paper.
What is meant by income tax?
Income Tax is the tax that the government takes from the income of the people. Income tax applies to financial income generated by all entities located under the jurisdiction of governments. By law, every business and individual is eligible to pay tax or a tax refund, and is required to file an income tax return every year.
Why should we pay tax to the government?
An essential contribution made by the taxpayer to help achieve social objectives such as reducing income and wealth inequality, achieving higher employment levels and achieving economic stability and development. Tax is a payment which is compulsorily paid as per the laws made by the government.
How much tax is levied on the money deposited in the bank?
The cash deposit limit in savings bank account is Rs 1 lakh. If you deposit more than Rs 1 lakh in the savings account, then the ears of the tax department can stand. The source of your deposit can be traced and notice posted in case of any discrepancy. Apart from cash deposit, it is also important to know the rules of cash withdrawal.
Who Pays Income Tax?
It is the simplest tax that a citizen personally pays to the government. It is very simple – a part of your income has to be paid to the government every year in the form of tax and this money is used by the government for development works across the country.
