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Objective Questions

Latest CA Intermediate Taxation Exam Question (Objective Questions), MCQ in English

Subjects : Taxation

Question Bank CA Intermediate Taxation Exam Paper 3 - English
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Taxation

Question 1Single Answer
Interest income accruing outside India but received by a resident in India is taxable in India if he is:
  1. A
    A non-resident
  2. B
    A resident but not ordinarily resident
  3. C
    A resident who is ordinarily resident
  4. D
    Any resident
Question 2Single Answer
Income from a business controlled from India is taxable in the hands of a resident who is ordinarily resident even if it accrues or arises outside India, if:
  1. A
    The whole income is taxable
  2. B
    50% of the income is taxable
  3. C
    Only the income attributable to the control in India is taxable
  4. D
    The income is exempt
Question 3Single Answer
A foreign company is said to be resident in India if its place of effective management (POEM) in the previous year is:
  1. A
    In India
  2. B
    Outside India
  3. C
    Partly in India and partly outside India
  4. D
    Irrelevant for residency
Question 4Single Answer
An individual who has been a non-resident in India for 9 out of the 10 previous years preceding the relevant previous year is a:
  1. A
    Resident
  2. B
    Resident but Not Ordinarily Resident
  3. C
    Non-resident
  4. D
    Deemed resident
Question 5Single Answer
An individual who has been in India for a period of 730 days or more during the 7 previous years preceding the relevant previous year and also satisfies the basic condition for being a resident is a:
  1. A
    Non-resident
  2. B
    Resident who is Ordinarily Resident
  3. C
    Resident but Not Ordinarily Resident
  4. D
    Deemed resident
Question 6Single Answer
Income earned from agricultural land situated in Pakistan is taxable in India for:
  1. A
    A resident who is ordinarily resident in India
  2. B
    A resident but not ordinarily resident in India
  3. C
    A non-resident in India
  4. D
    All the assessees
Question 7Single Answer
Salary received in India for services rendered outside India is taxable in the case of:
  1. A
    Non-resident only
  2. B
    Resident only
  3. C
    All assessees
  4. D
    Resident but Not Ordinarily Resident only
Question 8Single Answer
Profits from a business situated in London but controlled entirely from India are taxable in India for:
  1. A
    A resident who is ordinarily resident in India
  2. B
    A resident but not ordinarily resident in India
  3. C
    A non-resident in India
  4. D
    All the assessees
Question 9Single Answer
Interest received outside India by a non-resident from a business controlled in India is:
  1. A
    Fully taxable in India
  2. B
    Not taxable in India
  3. C
    Taxable only if remitted to India
  4. D
    Taxable at a concessional rate
Question 10Single Answer
Royalty received outside India by a resident but not ordinarily resident from a business in India is:
  1. A
    Taxable in India
  2. B
    Not taxable in India
  3. C
    Taxable only if remitted to India
  4. D
    Exempt from tax
Question 11Single Answer
Income from house property situated in Nepal, received in Nepal, is taxable in India for:
  1. A
    A resident who is ordinarily resident in India
  2. B
    A resident but not ordinarily resident in India
  3. C
    A non-resident in India
  4. D
    All the assessees
Question 12Single Answer
For the purpose of determining the residential status of an individual, the previous year is:
  1. A
    The calendar year
  2. B
    The financial year following the assessment year
  3. C
    The financial year immediately preceding the assessment year
  4. D
    Any period of 12 months
Question 13Single Answer
An individual who is a citizen of India and a member of the crew of a foreign-going ship leaving India, the period of stay in India for determining residency shall not include the period:
  1. A
    Of joining the ship
  2. B
    Of disembarking from the ship
  3. C
    Of official leave in India
  4. D
    Commencing from the date entered into the Continuous Discharge Certificate in respect of joining the ship and ending on the date entered therein in respect of signing off from the ship
Question 14Single Answer
A person is deemed to be resident in India if he is not liable to tax in any other country or territory by reason of his:
  1. A
    Domicile only
  2. B
    Residence only
  3. C
    Domicile or residence or any other criteria of similar nature
  4. D
    Nationality only
Question 15Single Answer
A deemed resident individual is always considered as:
  1. A
    Resident and Ordinarily Resident
  2. B
    Resident but Not Ordinarily Resident
  3. C
    Non-resident
  4. D
    Having an option for residency status
Question 16Single Answer
Income from salary earned in India but received outside India is taxable for:
  1. A
    All assessees
  2. B
    Resident only
  3. C
    Non-resident only
  4. D
    Resident but Not Ordinarily Resident only
Question 17Single Answer
Profits from a business situated in India but controlled from outside India are taxable for:
  1. A
    Resident only
  2. B
    All assessees
  3. C
    Non-resident only
  4. D
    Resident but Not Ordinarily Resident only
Question 18Single Answer
Interest income accruing in India and received outside India is taxable for:
  1. A
    All assessees
  2. B
    Resident only
  3. C
    Non-resident only
  4. D
    Resident but Not Ordinarily Resident only
Question 19Single Answer
Rent from a property situated outside India but received in India is taxable for:
  1. A
    All assessees
  2. B
    Resident only
  3. C
    Non-resident only
  4. D
    Resident but Not Ordinarily Resident only
Question 20Single Answer
Income earned and received outside India from a business controlled outside India is taxable for:
  1. A
    A non-resident
  2. B
    A resident but not ordinarily resident
  3. C
    A resident who is ordinarily resident
  4. D
    All the assessees
Question 21Single Answer
Income earned outside India but directly remitted to India is taxable for:
  1. A
    All assessees
  2. B
    Resident only
  3. C
    Non-resident only
  4. D
    Resident but Not Ordinarily Resident only
Question 22Single Answer
Which of the following incomes is always taxable in India, irrespective of the residential status of the assessee?
  1. A
    Income accruing outside India and received outside India
  2. B
    Income accruing outside India but controlled from India
  3. C
    Income received or deemed to be received in India
  4. D
    Income accruing or arising outside India and remitted to India
Question 23Single Answer
A person of Indian origin means an individual, being a citizen of a foreign country, who or either of whose parents or any of whose grandparents was born in:
  1. A
    Any foreign country
  2. B
    India as defined in the Government of India Act, 1935
  3. C
    Undivided India
  4. D
    Pakistan
Question 24Single Answer
For an individual who is a citizen of India and who leaves India in the previous year for employment outside India, the basic condition of 182 days is:
  1. A
    Applicable
  2. B
    Not applicable, a threshold of 60 days applies
  3. C
    Not applicable, a threshold of 90 days applies
  4. D
    Not applicable, a threshold of 120 days applies
Question 25Single Answer
For an individual who is a citizen of India or a person of Indian origin and who, being outside India, comes on a visit to India in the previous year, the basic condition of 182 days is substituted by how many days?
  1. A
    60 days if certain other conditions are met
  2. B
    182 days
  3. C
    90 days if total income exceeds a certain limit
  4. D
    120 days
Question 26Single Answer
If an individual satisfies at least one basic condition and at least one additional condition, he is a:
  1. A
    Resident and Ordinarily Resident
  2. B
    Resident but Not Ordinarily Resident
  3. C
    Non-resident
  4. D
    Deemed resident
Question 27Single Answer
If an individual satisfies at least one basic condition but does not satisfy any of the additional conditions, he is a:
  1. A
    Resident and Ordinarily Resident
  2. B
    Resident but Not Ordinarily Resident
  3. C
    Non-resident
  4. D
    Deemed resident
Question 28Single Answer
If an individual does not satisfy any of the basic conditions, he is a:
  1. A
    Resident and Ordinarily Resident
  2. B
    Resident but Not Ordinarily Resident
  3. C
    Non-resident
  4. D
    Deemed resident
Question 29Single Answer
In the case of a firm, association of persons or local authority, they are said to be resident in India if the control and management of their affairs is situated:
  1. A
    Wholly outside India
  2. B
    Wholly or partly in India
  3. C
    Only in India
  4. D
    Partly outside India
Question 30Single Answer
For residency purposes, "India" includes:
  1. A
    Only the land territory of India
  2. B
    Only the territorial waters of India
  3. C
    Only the air space above India
  4. D
    The territory of India including its territorial waters, seabed and subsoil underlying such waters, continental shelf, exclusive economic zone or any other maritime zone as referred to in the Territorial Waters, Continental Shelf, Exclusive Economic Zone and other Maritime Zones Act, 1976, and the air space above its territory and territorial waters.
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