1.Income of a minor child is included in the total income of:

(A)Transferor of the asset


(C)Parent whose income is greater

(D)None of these

2.Clubbing in case of transfer of the asset is revocable:

(A)In income of the transferee

(B)Exempt for six years from transfer

(C)After the life time of transferee in income of transferor

(D)In income of transferor

3. When the income of a minor child is clubbed with the income of mother or father how much The deduction will be allowed to mother or father:



(C) Actual income clubbed with the income of mother or father or 1,500 whichever is less

(D) No deduction.

4. Income of physically handicapped minor child shall be included in the income of:

(A) Mother

(B) Father

(C) Mother or father whose income is greater

(D) None of these

5.Ram transferred 100 shares of an Indian company to HUF in the previous year shall be included in the income of:



(C)Neither Ram nor HUF

(D)50% in the income of Ram and 50% in the income of HUF

6.Income of minor son 20,000 and income of minor daughter 12,000 included in the income of father. Father will get an exemption:





7.Minor’s income shall be included in the assessee’s income IF :

(A)It exceeds * 1,500

(B)It is 1,200

(C)It is nil

(D)None of these

8. Minor’s income is clubbed to:

(A)Father’s income

(B)Mother’s income

(C)Father’s or Mother’s income whichever

(d)Mother’s and Father’s income

9.Sections related to clubbing of income are:

(A)Sections 60 to 69

(B)Sections 60 to 64

(C)Sections 60 to 67

(D) Sections 68 to 69

10.The income of minor is not clubbed in the income of parents to the following limit:



(C) 10,000

(D) Whole Income

11. Income arising to a minor married daughter is:

(A) to be assessed in the hands of the minor married daughter

(B) to be clubbed with the income of that parent whose total income, before including minor’s income is higher

(C) completely exempt from tax

(D)to be clubbed with the income of her husband who is major  


1. A non-speculative business discontinued in the Previous Year 2017-18. The brought forwardloss can be set-off against income from:

(A) Non-speculative business

(B) Speculative business

(C) Under any head of income

(D) Income from business

2.Loss from speculation business can be set-off from:

(A) Income of speculative business

(B) Income of non-speculative business

(C) Income of any head

(D) Not from any income

3. Long-term capital loss can be set-off from:

(A) Short-term capital gains

(B) Long-term capital gains

(C) Capital gains

(D) Any income

4.Loss of card game can be set-off from:

(A)Income of card game

(B)Lottery income

(C)Income from other sources

(D)None of these

5.Long-term capital loss can be set-off in the following:

(A)4 years

(B)6 years

(C)8 years

(D)10 years

6.Losses of speculation business can be set-off:

(A)4 years

(B)8 years

(C)3 years

(D)6 years

7.Mr.A incurred short-term capital loss of 10,000 on the sale of shares through the National Stock Exchange. Such loss can be set-off:

(A)only against short-term capital gains

(B)against short-term capital gains and long-term capital gains

(C)against any head bf income

(D)cannot be set-off


1. What amount is accepted for deduction under section 80DD regarding disability:





2.Which of the following donations is

(A)P. M. Drought Relief Fund

(B)National Sports Fund

(C)Rajeev Gandhi Foundation

(D)J. L. Nehru Memorial Fund

3.Section 80C applies on :

(A)Individual and Hindu


(C)Co-operative Societies

(D) Company

4.Donation to Prime Minister’s National Relief Fund is deductible 100% out of the Gross Total Income of the assessee, under which section of Income Tax Act :

(A)Section 80C

(B)Section 80G

(C)Section 80GG

(D)Section 80D

5.For the Assessment Year 2020-21 the maximum permissible deduction u/s 80C is:





6.Which of the following item is covered u/s 80D?.

(A)Repayment of loan taken for higher education

(B)Medical treatment of handicapped dependent

(C)Medical Insurance Premium

(D) None of the above

7Under Section 80E deduction in respect of payment of interest on loan is taken for the higher education shall be allowed up to:




D)No limit

8. Maximum deduction in respect of medical insurance premium paid for a senior citizen is:





9.Ram paid the medical insurance premium on his health 10,000 in cash. Deduction shall be allowed to him u/s 80D:




(D) Nil

10.A resident individual received 5,00,000 as royalty on a literary book. He will get deductionu/s 80QQB:





11.A non-resident individual received 4,00,000 as royalty on the artistic book. He will get deduction u/s 80QQB:

(A) Nil

(B) 2,00,000

(C) 3,00,000

(D) 4,00,000

12. Under which section of the following an HUF is not entitled to a deduction from its Gross Total  Income:

(A)80 C

(B)80 G

(C)80 D


13.On which income deduction under section 80G is not allowed:


(B)House property

(C)Long Term Capital Gains


14.Mr. Rajat is completely blind, he will avail deduction w/s 80U:





15.Deduction admissible under section 80E:

(A)In relation to Donation

(B)In relation to Medical Expenses

(C)In relation to interest on Loan for higher education paid

(D)None of these

16.How much maximum amount can a person deposit to Public Provident Fund (P. P. F.) in afinancial year to earn interest on it:





17. Deduction u/s 80C is not available to:

(A) Individual

(B) Hindu Undivided Family

(C) Company

(D) All of these

18. Deduction u/s 80G is allowed in connection with :

(A) Charity

(B) Computer Software

(C) Royalty

(D) Donation

19. Mr. A pays a rent of 7,000 per month. His adjusted total income is 3,80,000. He is also in receipt of HRA. He would be eligible for a deduction under section 80GG of an amount of:






1. Sum of various heads of income is called

(A)Gross total income

(B)Total income

(C)Taxable income

(D)Adjusted income

2. Out of which income deduction u/s 80C is not allowed:

(A)Income from Salary

(B)Income from House Property

(C)Income from Business

(D)Long-term Capital Gains

3. Number of heads in Income Tax Act are:





4.Out of which income deduction u/s 80G is not allowed:

(A)Income from Salary

(B)Income from House Property

(C) Short-term capital gain u/s 111A

(D) Income from Other Sources.

5.If total income, is 4,20,194.50, the rounded off income shall be:





6. Which income is rounded off:

(A)Gross Total Income

(B)Total Income

(C)(A) & (B) both

(D)None of these


        (Liability of Individuals)

1.Exemption limit in the case of a resident women below 60 years of age for the Assessment Year 2020-21 is:




(D)none of these

2.Exemption limit for the Assessment Year 2020-21 in case of resident senior citizen assessee is:





3.Exemption limit for the Assessment Year 2020-21 in case of Non-resident in India, aged 70 years is:





4.The rate of Health & Education Cess is:





5.The rate of tax on lottery winnings is:





6.Total income of resident woman aged 60 years for the Assessment She will pay tax:

(A) 31,000


(C) 34,000

(D) 20,800

7.Total income of Ram (aged 40 years) for the Assessment Year 2020-21 is 4,00,000. He will pay tax:





8.Health & Education Cess is calculated on:

(A)Total income

(B)Tax on total income

(C)Taxable income

(D)Agricultural income

9.The rate of Surcharge on tax payable when taxable income is 8,00,000:




(D)Zero (Nil)

10.An individual, resident in India, is liable to pay Income Tax if his income is more than:





11. What is the rate of surcharge applicable to individuals having total but not more than * 2 crore?





12. What is the basic exemption as on 31-3-2020 limit for Mrs. X (resident in India), who is of the age of 80 years






1.Assessing officer is:

(A)Assistant Commissioner

(B)Deputy Commissioner

(C)Income Tax Officer

(D)All of the above

2.Last chain of Income Tax Authorities is:

(A)Inspector of Income Tax

(B)Tax Recovery Officer

(C)Income Tax Officer

(D)Commissioner of Income Tax.

3.Who controls the income tax department:

(A)Income Tax Commissioner

(B)C. B. D. T.



4.Top authorities in income tax authorities are:

(A)Finance Minister

(B)Finance Secretary

(C)Board of Direct Taxes

(D)Chief Commissioner

CH 21 (MCQ ON Assessment Procedure Including Income Tax Faceless Assessment Scheme,2019)

1. Intimation for assessment on the basis of return [u/s 143(1)] cannot be sent after the expiry of:

(A) One year from the end of the relevant assessment year.

 (B) One year from the end of the financial year in which the return is made

(C) Two years from the end of the relevant assessment year

 (D) Two years from the end of the financial year in which the return is made.

2. Due date for filing Return of Income in case of an individual is:

(A) 30th June

(B) 31st July

(C) 31st August

(D) 30th September

3. Due date for filing Return of Income in case of a firm, whose accounts are required to be audited, is:

(A)31st July

(B) 31st August

(C) 30th September

(D) 31st October.

4. For an individual, having income from salary or family pension and interest, the prescribed form is:

(A) ITP-1

(B) ITR-2

(C) ITP.-3

(D) ITR-4.

5. Getting Permanent Account Number is compulsory for:

(A) Income tax assessee

(B) Importer

(C) Assessee under Service Tax

(D) All of above.

6. Rectification of mistake is done:

(A) u/s 145

(B) u/s 147

(C) u/s 154

(D) u/s 156.

7.Section of Self Assessment is:




8.Section of Best Judgement Assessment is:




(D) 148

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