Max.

Marks: 150

ITI Paper I (Income Tax Law and Computation) (Without

Books)
November 7th, 2022 (Shift 2 – 02.30 PM to 05.30 PM)

Important Instructions: All questions carry one mark each. For every incorrect
attempt 1/8th mark shall be deducted. In case of any doubt, the English version
may be taken as authentic. Wherever Assessment Year is not given, it may be taken
as A.Y. 2022-23. In case of doubt in respect of the answer, choose the most
appropriate option for the given question.
1. As per section 2(26A), “Infrastructural /kkjk 2(26A) ds vuqlkj ^^vk/kkfjd
Capital Company” means a company that lajpuk iwathxr daiuh** dk vFkZ gS
makes investments by way of acquiring ml daiuh ls gS tks ‘ks;lZ vftZr
shares or providing long term finance to: djds ;k &&& dks nh?kZdkfyd foÙk
a) Any enterprise or undertaking
miyC/k djkds viuk fuos’k djrh
wholly engaged in the business
referred to in Section 80-IA(4) or
gS%
Section 80-IAB(1) a) /kkjk 80-IA(4) ;k /kkjk 80-
b) An undertaking developing or IAB(1) esa lanfHkZRk O;olk;
building housing project referred to esa iw.kZ :Ik ls yxs fdlh
in Section 80-IB(10) mn~;e ;k midze dks
c) A project for constructing a hotel of b) /kkjk 80-IB(10) esa mfYyf[kr
not less than three-star category as fdlh fodkljr ;k gkmflax
classified by the Central
Government or a project for
izkstsDV cukus okys fdlh
constructing a hospital with at least midze dks
one hundred beds for patients c) dsUnz ljdkj }kjk oxhZd`r]
d) All of the above de ls de fdlh rhu
flrkjk gksVy ds fuekZ.k ds
izkstDV dks ;k fQj ejhtkas
ds fy, de ls de lkS
fcLRkj okyk ,d vLirky
cukus ds izkstsDV dks
d) mijksDr lHkh
2. The buyback of listed shares held for over a ,d o”kZ ls /kkfjr lwphc) ‘ks;jksa
year, qualifies as _______ and the same is dks dz; }kjk okfil ysuk] vxj
tax-exempt under section _____, if shares ‘ks;lZ dks 31 ekpZ] 2017 ls
are bought back before March 31, 2017. igys gh okfil [kjhn fy;k gks rks
a) Short-term capital gain, 10(38) &&&& ds :Ik esa vgZd gksrk gS
b) Long-term capital gain, 10(38) vkSj ;gh /kkjk &&&& ds rgr dj
c) Short-term capital gain, 10(37)
d) Long-term capital gain, 10(37)
ls NwV izkIr gksrk gS
a) vYidkfyd iwath ykHk]
10(38)
b) nh?kZdkfyd iwath ykHk]
10(38)
c) vYidkfyd iwath ykHk]
10(37)
d) nh?kZdkfyd iwath ykHk]
10(37)
3. In the case of travel concession, the ;k=k fj;k;r ds ekeys esa]
following is incorrect: fuEufyf[kr esa ls lgh ugha gS%
a) Any assistance received by the a) fdlh O;fDr dks Lo;a vkSj
individual from his employer for mlds ifjokj ds lkFk NqV~Vh
himself and his family in
ij izLFkku djus ds laca/k
connection with proceedings on
leave is exempt;
esa vius fu;ksDrk ls izkIr
b) The exemption is subject to dksbZ lgk;rk ij NwV gSA
conditions prescribed by the b) ;g ljdkj }kjk fu/kkZfjr
government with respect to the dh xbZ ‘krksZ ds vk/kkj ij
number of journeys and the ;k=kvksa dh la[;k ds
exemption available per head; vuqlkj vkSj izfr O;fDr dks
c) The exemption is available to miyC/k NwV ds vuq:Ik NwV
 assesses viz., HUF, Firm and gS
Company; c) ;g fgUnw vfoHkDr ifjokj]
d) The exemption is for the total QeZ vkSj daiuh vkfn
amount expended by the assessee fu/kkZfjfr;ksa ds fy, miyC/k
for the purpose of such travel,
NwV gS
without an upper limit.
d) fu/kkZfjrh }kjk ,sls Hkze.k ds
mn~ns’; ls fcuk fdlh Åijh
lhek ds O;; dh xbZ dqy
jkf’k ij ns; NwV gSa
4. The loans/advances received are taxable as izkIr _.k @vfxze] vk;dj
deemed dividend under section 2(22) of I.T. vf/kfu;e dh /kkjk 2¼22½ ds rgr
Act in the hands of: ykHkka’k le>s tkus ds dkj.k]
a) The shareholder with minimum fdlds fy, djk/ks; gksaxs%
10% holding.
a) fdlh ‘ks;j gksYMj ds fy,
b) The Director of the company.
c) The company which has given
ftlds ikl de ls de
loans/ advances 10% ‘ks;j gSa
d) The person other than a company b) daiuh ds funs’kd ds fy,
which has given loans/advances c) ml daiuh ds fy, ftlus
_.k@ vfxze fn;k gS
d) daiuh ds vykok ml O;fDr
dks ftlus yksu@vfxze fn;k
gS
5. Explanation gives_________ to the main dksbZ O;k[;k] eq[; izko/kku dk
provision. &&&& gSA
a) Clarification a) Li”Vhdj.k
b) Exceptions
c) Proper guidance for administration
b) viokn
d) None. c) iz’kklu ds fy, mi;qDr
ekxZn’kZu
d) dksbZ ugha
6. A company is incorporated outside India ,d daiuh tks Hkkjr ls ckgj
having its place of effective management is fuxfer gS] ftlds izHkkoh izca/ku
fully situated in India in the previous year dk LFkku fiNys o”kZ esa iw.kZ :Ik ls
will be treated as _______. Hkkjr esa fLFkr Fkk] dks ekuk
a) Resident tk;sxk%&
b) Resident Ordinarily Resident
c) Resident Not Ordinarily Resident
a) fuoklh
d) Non Resident b) fuoklh lk/kkj.kr% fuoklh
c) fuoklh vlk/kkj.kr% fuoklh
d) vfuoklh
7. Match the following: fuEufyf[kr dk feyku djas%&
Section Provisions
under vk;dj izko/kku
the vf/kfu;
Income e ds
tax
Act.
rgr
1 i Public sector
/kkjk
2(47A) company 1 2(47A) i lkoZtfud {ks=
2 2(48) ii Zero Coupon dh daiuh
Bond 2 2(48) ii ‘kwU; dwiu
 3 2(7) iii Assessee ckWUM
4 iv Virtual Digital 3 2(7) ii fu/kkZfjrh
2(36A) Assest i
4 2(36A) i opqZvy
a) 1-i, 2-ii, 3-iii, 4-iv
b) 1-iii, 2-ii, 3-iv, 4-i v fMftVy vkfLr
c) 1-ii, 2-i, 3-iv, 4-iii
d) 1-iv, 2-ii, 3-iii, 4-i. a) 1-i, 2-ii, 3-iii, 4-iv
b) 1-iii, 2-ii, 3-iv, 4-i
c) 1-ii, 2-i, 3-iv, 4-iii
d) 1-iv, 2-ii, 3-iii, 4-i.
8. Which of the following criteria determines dsUnzh; izR;{k dj cksMZ+ }kjk tkjh
the Place of Effective Management in order fd;s x;s funsZ’kks rFkk vk;dj
to treat a foreign company as resident in vf/kfu;e] 1961 es miyC/k
India as per guidelines issued by CBDT and izko/kkuksa ds vuqlkj] fdlh fons’kh
provisions contained in IT Act, 1961 daiuh dks Hkkjr esa ,d fuoklh ds
a) General Meeting held in India rkSj ij le>s tkus ds fy, izHkkoh
b) Research and Development work is
done in India
izca/ku LFkku dk fu/kkZj.k djus dk
c) Board Meetings are held in India fuEufyf[kr esa dkSu&lk fl)kar gS&
d) None of the above a) Hkkjr esa vk;ksftr gqbZ
lkekU; cSBdsa
b) vuqla/kku vkSj fodkl dk;Z
Hkkjr esa fd;k tkrk gS
c) cksMZ+ cSBdsa Hkkjr esa
vk;ksftr dh tkrh gks
d) mijksDr esa ls dksbZ ugha
9. If any ship belonging to or chartered by a यिद िकसी अिनवासी से सबं िं धत या चाटड कोई जहाज, जो
Non-Resident, which carries passengers,
livestock, mail or goods shipped at a port in
याि य , पशधु न, मेल या भारत म एक बंदरगाह पर भेजे गए
India could not file return of income before सामान को ले जाता है, भारत से जहाज के थान से पहले
the departure of the ship from India then it आय क रटन दािखल नह कर सकता है तो og
can be filed after the ship has left India but tgkt ds Hkkjr ls pys tkus ds
within days.
a) 30
ckn fdrusa fnuksa ds Hkhrj fjVZu
b) 45 nkf[ky dj ldrk gSA
c) 60
d) 90 a) 30
b) 45
c) 60
d) 90
10. Mr. P is Karta of HUF doing business at Jheku P fgUnw vfoHkDr dqVqac dk
Pune. Mr. P is residing in Dubai for past 10 drkZ gS tks iq.ks es O;kikj djrk
years & visited India for 20 days every year
gSA Jheku P fiNys 10 o”kksZa ls
for filing Income tax return of HUF. His 2
major sons take care of the day to day
nqcbZ esa jg jgk gS vkSj izR;sd o”kZ
affairs of business in India. Residential fgUnw vfoHkDr dqVqEc dh vk;dj
status of HUF for AY 2020-21 is: fooj.kh nkf[ky djus gsrq 20 fnu
a) ROR ds fYk, Hkkjr vkrk gSA mlds nks
b) RNOR o;Ld csVs] Hkkjr esa O;kikj ds
c) NR fnu&izfrfnu ds ekeyksa dks laHkkyrs
d) None gSaA fu/kkZj.k o”kZ 2020&21 ds
 fy, fganw vfoHkDr dqVqac dh
vkoklh; fLFkfr D;k gS%&
a) fuoklh lk/kkj.kr% fuoklh
b) fuoklh vlk/kkj.kr% fuoklh
c) vfuoklh
d) dksbZ ugha
11. Mr. P traced a missing person & was Jheku P us ,d xqe’kqnk O;fDr
awarded a sum of Rs. 1 lac but there was no dk irk yxk;k vkSj ,d yk[k :-
agreement. Such sum is. ds bZuke ls iqjLd`r gq,] iajrq
a) Casual income & fully taxable blds fy;s dksbZ vuqca/k ugha gqvk
b) Casual income & exempt up to Rs.
FkkA ,slh jkf’k gS%&
2,50,000
c) Fully exempt a) vfu;fer vk; vkSj iw.kZ
d) Exempt up to 2,50,000 :Ik ls djk/khu
b) vfu;fer vk; vkSj
2]50]000@& :- rd NwV
c) iw.kZ :Ik ls NwV
d) 2]50]000 :- rd dh NwV
12. The uncommuted pension received by a fdlh ljdkjh lsod }kjk izkIr
govt servant is: vlajf{kr isa’ku gksrh gS%&
a) Fully exempt a) iwjh rjg ls NwV izkIr
b) Upto 50 percent exempt
c) Fully taxable
b) 50 izfr’kr rd NwV izkIr
d) Upto 20 percent taxable c) iwjh rjg ls dj ;ksX;
d) 20 izfr’kr rd dj ;ksX;
13. Gift to an Employee by an Employer, where fu;ksDrk }kjk fdlh deZpkjh dks
the value of gift is below ----------- is treated migkj] tgka migkj dk ewY; &&&
as a Tax free perquisite ls de gks] dks dj eqDr vuqykHk
a) 1,00,000 ds :Ik esa ekuk tk,xk
b) 5,000
a) 1]00]000@&
c) 50,000
d) 25,000 b) 5]000@&
c) 50]000@&
d) 25]000@&
14. Wherever in the Act, the phrase ‘as tgak dgha Hkh vf/kfu;e es okD;ka’k
prescribed’ appears, it means that: ^;Fkk fofgr* izrhr gksrk gS rks
a) Regulations are to be framed is in bldk vFkZ gS fd%
this respect. a) blds laca/k es fu;e cuk;s
b) Rules have been framed in this
tkus gSa
respect.
c) Regulations were earlier framed in b) blds laca/k esa fu;ekoyh
this respect. rS;kj dh tk pqdh gS
d) Regulations are framed in this c) blds laca/k esa iwoZ esa
respect. fofu;eu rS;kj fd;k x;k
d) blds laca/k esa fofu;eu
rS;kj fd;k tkrk gS
15. Exemption to Member of Parliament and fuEufyf[kr fdl HkRrs ds laca/k esa
State Legislature is available u/s 10(17), in /kkjk 10¼17½ ds varxZr laln ,oa
respect of the following allowances: jkT; fo/kkueaMy ds lnL; dks NwV
(i) Daily Allowance izkIr gS%
(ii) Any other allowance received
(i) nSfud HkRrk
under Member of Parliament
 (constituency allowance) Rules, (ii) laln lnL; ¼fuokZpu {ks=
1986 HkRrk½ fu;ekoyh] 1986 ds
(iii) Constituency allowance varxZr izkIr dksbZ vU; HkRrk
received by reason of his
membership of any state
(iii) fdlh Hkh jkT;
legislature fo/kkueaMy dk lnL; gksus
Choose the correct answer: ds dkj.k izkIr fuokZpu {ks=
a) Only (i) HkRrk
b) (i) & (ii) lgh mRrj dks pqusa
c) (i), (ii) & (iii) a) dsoy (i)
d) (ii) & (iii) b) (i) vkSj (ii)
c) (i), (ii) vkSj (iii)
d) (ii) vkSj (iii)
16. HSP, a LLP had taken Key Men Insurance dksbZ HSP tks LLP gS] us vius
policy on the life of its Managing Partner. izca/kd ikVZuj] ds thou ij
The policy got matured on 13th September, dh&esu chek ikWylh yh FkhA 13
2021 and amount of Rs.75 lakh was paid by flrEcj] 2021 dks ikWfylh
the insurers to the Managing Partner. The
ifjiDo gks x;h vkSj chekdrkZ
amount so received on maturity of the
policy by the Managing Partner:
}kjk izca/k ikVZuj dks 75 yk[k :-
a) Is exempt in full u/s 10(10D) dh jkf’k dk Hkqxrku fd;k x;kA
b) 50% of Rs. 75 lakh is exempt chekdrkZ }kjk ikWfylh ds ifjiDo
c) Rs. 75 Lakh is taxable gksus ij izkIr dh xbZ jkf’k%
d) Rs. 25 lakh is exempt balance is a) /kkjk 10(10D) ds varxZr iwjh
taxable rjg ls NwV izkIr gS
b) 75 yk[k :- dk 50% NwV
izkIr gS
c) 75 yk[k :- djk/ks; gS
d) 25 yk[k :- dk NwV izkIr
gS ,oa ‘ks”k djk/ks; gS
17. Which of the following is not included in fuEufyf[kr esa ls fdls djk/ks;
taxable income: vk; esa ‘kkfey ugha fd;k tkrk
a) Reimbursement of expenses gS%&
b) Cash gifts received from non- a) O;; dh izfriwfrZ
relatives
c) Income from illegal activity b) xSj lacaf/k;ksa ls izkIr uxn
d) Profit on sale of equity shares of migkj
unlisted company. c) voS/k xfrfof/k ls vk;
d) vlwphc) daiuh ds bfDoVh
‘ks;jksa dh fcdzh ij ykHk
18. Which of the following is not allowed as ^dkjksckj rFkk o`fr ds ykHk vkSj
deduction for computation of income under vfHkykHk* en ds v/khu vk; dh
the head ‘Profit & Gains of Business & lax.kuk gsrq dVkSrh ds :Ik esa
Profession’? fuEufyf[kr esa ls fdls Lohd`r
a) Brokerage paid for arranging a loan ugha fd;k tkrk gS\
for business purpose.
b) Employer's contribution paid to an
a) O;olk; ds iz;kstu ls _.k
approved gratuity fund. ds izca/ku ds fy, Hkqxrku
c) Interest paid on capital borrowed dh xbZ nykyh
for acquiring a capital asset which b) Lohd`r minku fuf/k dks
is in use Hkqxrku fd;s x, fu;ksDrk
 d) None of the above dk va’knku
c) iwathxr ifjlaifr;ksa] tks
mi;ksx esa gS] ds vtZu ds
fy, _.k ij yh xbZ iwath
ij Hkqxrku fd;k x;k
C;kt
d) mi;qZDr esa ls dksbZ ugha
19. Whose income is taxable under the head fu;ksDrk&deZpkjh laca/k u gksus ds
“Salaries” despite no employer-employee ckotwn Hkh ^^osru** ‘kh”kZ ds v/khu
relationship? fdudk vk; djk/ks; gS\
a) Member of Parliament a) laln ds lnL;
b) Partners of a Firm
c) Professors of college receiving b) fdlh O;olk; dk lk>snkj
remuneration from University c) fo’ofo|ky;ksa ls ikfjJfed
d) Remuneration received by High izkIr dj jgs dkWyst ds
Court and Supreme Court Judges. izksQslj
d) ikfjJfed izkIr fd;s mPp
U;k;ky; ,oa loksZPp
U;k;ky; ds U;k;/kh’k
20. Compensation on account of loss of profit ykHk dh gkfu ds dkj.k izfrdj
is: gS%&
a) Revenue receipt a) jktLo izkfIr
b) Capital receipt
c) Revenue expenditure
b) iwathxr izkfIr
d) Capital expenditure c) jktLo O;;
d) iwathxr O;;
21. In case of disputed ownership, income from fooknkLin LokfeRo ds ekeys esa]
House Property is chargeable in the hands x`g laifr ls vk; &&&& ds i{k
of ………… esa izHkk;Z gS\
a) Recipient of income a) vk; izkIrdrkZ
b) Not assessible
c) All owners b) fu/kkZj.k ;ksX; ugha
d) None of the above c) lHkh Lokeh
d) mi;qZDr esa ls dksbZ ugha
22. The following is taxable under the head ^^osru** ‘kh”kZ ds v/khu fuEufyf[kr
“Salaries”: djk/ks; gS%&
a) Gifts received by employee from a) fu;ksDrk ls dkfeZd dks
employer izkIr migkj
b) Salary received by partner from a
firm b) fdlh QeZ ls lk>snkj dks
c) Fees received by director from a izkIr osru
company c) fdlh daiuh ls funs’kd dks
d) Commission received by agent from izkIr Qhl
a principal d) ewy/ku ls vfHkdrkZ dks
izkIr deh’ku
23. Benefit of presumptive taxation under vk;dj vf/kfu;e 1961 ds
Income Tax Act 1961, would not be varxZr vuqekfur djk/kku ds ykHk
applicable to a non resident individual, in Hkkjrh; vk; ls lacaf/kr fu/kkZj.k
AY 21-22, in respect of the related Indian o”kZ 21&22 esa vfuoklh O;f”V ij
income, if he is engaged in the business of:
 a) Operation of Ships ykxw ugha gksxk c’krsZa fd og
b) Operation of Aircrafts fuEufyf[kr dk O;olk; djrk gS%&
c) Civil construction in connection a) iksr lapkyu
with an approved turnkey project
d) Plying, hiring or leasing of goods
b) foeku lapkyu
carriages c) vuqeksfnr rS;kj ifj;kstuk
ds laca/k esa flfoy fuekZ.k
d) eky <qykbZ ds fy, dke
djus] HkkM+s ij vFkok iV~Vs
Ikj ysuk
24. Mr X, a chartered accountant is employed Jheku X pkVZMZ ,dkmaVsaV] ABC
with ABC Ltd as an internal auditor and fyfeVsM+ esa vkarfjd ys[kk ijh{kd
requests his employer to call the ds :Ik esa fu;ksftr gS vkSj og
remuneration as internal audit fee. Mr X vius fu;ksDrk ls vkarfjd ys[kk
shall be chargeable to income for such fee
Qhl ds :Ik esa ikfjJfed dh ekax
under the head:
a) Income from Salary djrs gSA Jheku X bl izdkj ds
b) Income from Business or Profession Qhl ls vk; fdl ‘kh”kZ ds varxZr
c) Income from Other Sources izHkk;Z gksxh%&
d) Any of the above a) osru ls vk;
b) O;olk; ;k o`fr ls vk;
c) vU; lzksrksa ls vk;
d) mi;qZDr esa ls dksbZ Hkh
25. Which among the following cannot be set /kkjk 44AB ds v/khu fuEufyf[kr
off against presumptive Income u/s 44AB? esa ls fdls vuqekfur vk; ds
a) Business loss fo:) lek;ksftr ugha fd;k tk
b) Unabsorbed Depreciation ldrk gS\
c) Both
d) None a) O;kikfjd gkfu
b) lekfo"V jfgr ewY; gzkl
c) nksuksa
d) dksbZ ugha
26. For the purpose of section 35D, capital /kkjk 35D ds iz;kstukFkZ] ubZ daiuh
employed by a new company would mean: }kjk fu;ksftr iwath dk vFkZ gksxk%
a) Issued Share Capital
a) tkjh fd;s x, ‘ks;j iwath
b) Issued Share Capital, Debentures,
Long Term borrowing and amount b) ‘ks;j fizeh;e ys[kk esa tkjh
outstanding in share premium fd;s x, ‘ks;j iwath] fMcsapj
account. nh?kZdkfyd m/kkj ,oa cdk;k
c) Share Capital & Long Term Loan jde
d) Share Capital & Debentures c) ‘ks;j iwath ,oa nh?kZdkfyd
_.k
d) ‘ks;j iwath ,oa fMcsapj
27. Section 33AC of the I T Act 1961 provides vk;dj vf/kfu;e 1961 dh /kkjk
for deduction of an amount not exceeding 33AC ds mica/k esa fdl fuEu
fifty percent of profits derived from the O;olk; ls mRiUu ykHk dk 50
business of: izfr’kr ls vf/kd u gks] ds ewY;
a) Prospecting for, or extraction or
dh dVkSrh ds fy, iznÙk gSA
production of, petroleum or natural
a) Hkkjr esa iVªkSfy;e vFkok
gas or both in India.
 b) Operation of ships. izkd`frd xSl vFkok nksuksa dk
c) Poultry iwoZs{k.k djuk] vFkok
d) Cattle rearing fu”d”kZ.k vFkok mRiknu
b) tgktksa dk izpkyu
c) ikSYVªh
d) i'kq&ikyu
28. Section 35AB of the I T Act 1961 provides vk;dj vf/kfu;e 1961 dh /kkjk
for deduction of one-sixth of any lump sum 35AB ds mica/k esa vtZu ij O;;
consideration paid for expenditure on ds Hkqxrku fd;s x, fdlh ,d
acquiring: eq’r izfrQy ds 1@6 dh dVkSrh
a) Patent rights or copyrights.
dk izko/kku gSA
b) Expenditure on know-how.
a) isVsUV vf/kdkj vFkok
c) Expenditure for obtaining right to
use spectrum for dkWihjkbZVl
telecommunication services b) rduhdh tkudkjh ij O;;
d) Expenditure for obtaining licence to c) nwjlapkj lsokvksa ds fy,
operate telecommunication services LisDVªe ds iz;ksx djus ds
vf/kdkj ikus ds fy, O;;
d) nwjlapkj lsokvksa ds izpkyu
djus dk ykblsal ikus ds
fy, O;;
29. Where an assessee doing business tc ,d fu/kkZfjrh ,slk O;kikj O;;
expenditure in respect of which payments djrk gS ftlds fy;s fdlh O;fDr
made to a person in a day exceeds Rs. dks fn;k x;k 10]000@& :- ls
10,000 should be paid through account vf/kd dk ,d fnu esa fd;k x;k
payee cheque or demand draft, ECS or Hkqxrku] vknkrk ds [kkrs esa pasd
through such other electronic mode as may
be prescribed to claim deduction for such
vFkok fMekaM MªkQV] ECS vFkok
expenditure. This restriction does not apply bl izdkj ds bySDVªkfud rjhds ls
to- fd;k tkrk gS ftlds fy;s og ,sls
a) Payments made to RBI O;; ij dVkSrh dk nkok djrk gSA
b) Payments made to cultivators ,slk izfrca/k fdl ij ykxw ugha
c) Payment of terminal benefit to gksrk gS &&&&
employees not exceeding Rs. a) Hkkjrh; fjtoZ cSad dks fd,
50,000/- x, Hkqxrku ij
d) All of the above b) fdlku dks fd, x, Hkqxrku
ij
c) deZpkfj;ksa dks lsokUr
fgrykHk dk Hkqxrku ij tks
50]000@& :- ls vf/kd u
gks
d) mijksDr lHkh
30. As per the provisions of section 41(4) of the vk;dj vf/kfu;e 1961 dh /kkjk
Income Tax Act 1961 where a deduction 41(4) ds mica/kks ds vuqlkj tgka
has been allowed in respect of a bad debt
iwoZxr o”kksZa esa /kkjk 36(1)(vii) ds
under section 36(1)(vii) in earlier years
then, if the amount is subsequently
rgr Mwck _.k ds lanHkZ esa dVkSrh
recovered on any such debt so allowed, it is Lohd`r dh x;h gSa ;fn ckn esa
taxable: _.k dh olwyh dh xbZ gS rks ;g
a) To the extent of 50% of such dj ;ksX; gS&
recovery under the head ‘Income a) ftl o”kZ esa jkf’k dh olwyh
from Business or Profession’ in the dh xbZ gS ml iwoZ o”kZ esa
P.Y. in which the amount is O;olk; ;k o`fr ls vk;
 recovered. ‘kh”kZ ds rgr ,slh olwyh dh
b) To the extent of 100% of such 50% dh lhek rd
recovery under the head ‘Income b) ftl o”kZ esa jkf’k dh olwyh
from Business or Profession’ in the dh xbZ gS ml O;olk; ;k
P.Y. in which the amount is
o`fr ls vk; ‘kh”kZ ds rgr
recovered.
c) To the extent of 100% of such ,slh olwyh dh 100% dh
recovery under the head ‘Income lhek rd
from Business or Profession’ in the c) ftl o”kZ esa jkf’k dh olwyh
P.Y. in the year in which the dh xbZ gS ml o”kZ ftlesa
deduction has been allowed. dVkSrh dh Lohd`fr nh xbZ]
d) To the extent of 100% of such ml iwoZ Ok”kZ esa ^O;olk; ;k
recovery under the head ‘Income o`fÙk ls vk; ‘kh”kZ ds rgr
from Other Sources’ in the P.Y. in ,slh olwyh dh 100% dh
which the amount is recovered.
lhek rd
d) ftl o”kZ esa jkf’k dh olwyh
dh xbZ gS ml iwoZ o”kZ
ftlesa ewY; dh olwyh dh
xbZ es] ^vU; lzksr ls vk;*
‘kh”kZ ds rgr ,slh olwyh dh
100% dh lhek rd
31. As per the provisions of section 43 of the vk;dj vf/kfu;e 1961 dh /kkjk
Income Tax Act, 1961 for the purpose of 43 ds mica/kksa ds vuqlkj fdlh
determination of actual cost of an asset O;fDr dks ,d fnu esa fd;k x;k
payment or aggregate of payments made to vkfLr Hkqxrku ;k ldy Hkqxrku
a person in a day, otherwise than by an dh okLrfod ykxr dk fu/kkZj.k
account payee cheque drawn on a bank or djus ds mˆs’; ls cSad vkgfjr
an account payee bank draft or use of
electronic clearing system through a bank
vknkrk [kkrk psd ;k vknkrk
account or through such other electronic [kkrk cSad Mªk¶V ;k cSad [kkrk ds
mode as may be prescribed, exceeds ek/;e ls bySDVªkWfud fudklh
Rs………….., such expenditure shall be vFkok fdlh ,sls vU; bySDVªkWfud
ignored for the purposes of determination of ek/;e ls fudklh tks Hkh fofgr
actual cost: gks ds vykok ----- :- ls vf/kd
a) Rs.10,000/- ,sls O;; dks okLrfod ykxr ds
b) Rs.20,000/- fu/kkZj.k ds mˆs’; ls ugha ekuk
c) Rs.1,00,000/- tk,xkA
d) Rs.2,00,000/- a) 10]000@& :-
b) 20]000@& :-
c) 1]00]000@& :-
d) 2]00]000@& :-
32. In case of an assessee engaged in the fdlh fu/kkZfjrh ds ekeys eas tks
business of manufacturing of tea, his pk; ds mRiknu ds O;olk; eas
agricultural income is: yxk gqvk gS rks mldh d`f”kxr
a) 60% of total receipt of the business vk; gS%
b) 60% of income of the business a) O;olk; dh izkfIr ds dqy
c) Nil
d) Total business income
dk 60%
b) O;olk; dh vk; dk 60%
c) ‘kwU;
d) dqy O;olkf;d vk;
33. An Assessee is not entitled for deduction fuEu ds fy,] vk;dj vf/kfu;e
under Section 36 of the Income Tax Act, 1961 dh /kkjk 36 ds rgr
 1961 for: fu/kkZfjrh dVkSrh ds fy, gdnkj
a) Bonus paid to employees ugha gS%
b) Any sum received from employees a) deZpkfj;ksa dks Hkqxrku fd;k
under Section 2(24)(x) of Income x;k cksul
Tax Act and credited to Govt. b) vk;dj vf/kfu;e dh /kkjk
account in time
c) Interest paid on funds borrowed to
2(24)(x) ds rgr deZpkfj;ks
pay Income Tax ls izkIr dksbZ jkf’k ,oa lgh
d) Premium paid to approved insurer le; ij ljdkjh [kkrs esa
on health insurance of employees tek fd;s x;s
c) vk;dj Hkqxrku ds fy,
m/kkj fy, x, QaM ij
pqdk;k x;k C;kt
d) deZpkfj;ksa ds LokLF; chek
ij vuqeksfnr chekdrkZ dks
Hkqxrku fd;k x;k izhfe;e
34. Which of the following is clubbed with fuEukafdr esa ls fdldks ,d
Income of an individual? oS;fDrd dh vk; ds lkFk ‘kkfey
a) Any income arising or accruing to gksrk gS?
your minor child which includes a) vkids vo;Ld cPpksa ftuesa
both step child and adopted child.
lkSrsys cPps vkSj nÙkd cPps
b) Any income arising or accruing to
major unmarried daughter.
nksuksa ‘kkfey gS dks mRiUu
c) Income earned by manual work vFkok izknHkwr dksbZ vk;
done by the minor child or by b) O;Ld vfookfgr iq=h dks
activity involving application of his mRiUu ;k izksnHkwr dksbZ vk;
skill and talent or specialised c) vo;Ld cPps }kjk gkFk ls
knowledge and experience. fd;k x;k dke vFkok mlds
d) Any income arising or accruing to dkS’ky vkSj izfrHkk ds
your minor child suffering from any vuqiz;ksx ls laca/k
disability of the nature specified in fdz;k&dyki }kjk vFkok
Section 80U. fof’k”V Kku vkSj vuqHko
}kjk dek;h x;h vk;
d) vkids vO;Ld cPps tks /kkjk
80U esa fofufnZ”V fdlh
izkd`frd fnO;kaxrk ls xzf”kr
gS dks mRiUu ;k izksnHkwr
dksbZ vk;
35. In case of conversion of company into LLP, LLP esa daiuh ds ifjorZu ds
no capital gain arises. In order to avail this ekeysa esa iwathxr ykHk ugha gksrk
exemption, the aggregate of the profit gSA bl NwV dk ykHk mBkus gsrw]
sharing ratio of the shareholders of lhfer ns;rk lk>snkjh es daiuh ds
company in the limited liability partnership
‘ks;jgksYMj dh ykHk lgHkktu nj
shall not be less than _______ at any time
during the period of ______from the date of
dk dqy] ifjorZu dh frfFk ls
conversion. ______ dh vof/k ds nkSjku fdlh
a) 40%, 4 years Hkh le; ______ ls de ugha
b) 50%, 5 years gksuk pkfg,A
c) 40%, 5 years a) 40%, 4 o”kZ
d) 50%, 4 years
b) 50%, 5 o”kZ
c) 40%, 5 o”kZ
d) 50%, 4 o”kZ
36. In case of Slump Sale, Capital Asset being fcdzh es eanh ds ekeys esa______
an undertaking or division transferred by ,d midze dh iawth vkfLr gksus
way of such Sale, what shall be deemed to vFkok ,sls fodz; ds ek/;e ls
be the cost of acquisition and cost of LFkkukarfjr foHkktu dks vtZu
improvement?
ykxr vFkok lq/kkj ykxr ekuk
a) WDV of the undertaking or
division.
tk,sxk\
b) FMV of the undertaking or division. a) midze vFkok izHkkx dh
c) Book value of the undertaking or (WDV) vofyf[kr ewY;
division. b) midze vFkok izHkkx dh
d) “Net Worth” of the undertaking or (FMV) mfpr cktkj dher
division. c) midze vFkok izHkkx dk
vafdr ewY;
d) midze vFkok izHkkx dh ‘kq)
ekfy;r
37. Which of the following is true? fuEufyf[kr esa ls dkSu lk lgh
a) If there is transfer of income gS?
without transfer of asset from which a) ;fn vkfLr dk varj.k
the said income arises, the said ftlls og vk; mn~Hkwr gksrh
income is taxable in the hands of
gS ls fcuk vk; dk varj.k
the transferor and is included in his
total income.
gksrk gS] rks mDr vk;
b) The above is as per Section 61 of varj.kdrkZ dk dj ;ksX;
the Income Tax Act, 1961. gksxh vkSj mls mldh dqy
c) Both (a) and (b) vk; es ‘kkfey fd;k tk,xk
d) None of the above. b) mi;qZDr vk;dj vf/kfu;e
dh /kkjk 61 ds vuqlkj gS
c) (a) vkSj (b) nksuksa
d) mi;qZDr esa ls dksbZ ugha
38. The following shall not be regarded as fuEufyf[kr dks iwath vkfLr ugh
capital asset: ekuk tk,xk&
a) Jewellery a) vkHkw”k.k
b) Rural Agricultural land b) xzkeh.k d`f”k Hkwfe
c) Archaeological Collections c) iqjkrRoh; laxzg.k
d) Personal residential house d) futh vkoklh; ?kj
39. For AY 2022-23, Stamp Duty Valuation fu/kkZj.k o”kZ 2022&23 ds fy,]
should not exceed … % of Sale /kkjk 50C ds mica/kks ls cpus ds
consideration to avoid attracting provisions fy, LVkEi ‘kqYd ewY; fodz;
of Section 50C.
a) 100
izfrQy ds &&&&% ls vf/kd ugha
b) 105 gksuk pkfg,
c) 110 a) 100
d) 120 b) 105
c) 110
d) 120
40. In which of the following situations, capital fuEufyf[kr esa ls fdu ifjfLFkfr;ksa
gains tax liability does not arise? esa iawthxr vfHkykHk dj ns;rk ugha
a) Mr. A purchased gold in 1970 for gksrh\
Rs.25000. In the PY 2020-21, he a) Jheku A us 1970esa
gifted it to his son at the time of
25]000@& :- dk lksuk
marriage. Fair market value of the
gold on the day the gift was made
[kjhnkA fiNys o”kZ
was Rs. 1,00,000. 2020&21 esa vius iq= ds
 b) A house property is purchased by a fookg ds le; mlus mls
HUF in 1945 for Rs. 20,000. It is migkj esa fn;kA migkj es
given to one of the family members nssus okys fnu lksus dk mfpr
in PY 2021-22 at the time of cktkj ewY; 1]00]000@&
partition of the family. Fair market Fkk
value on the day of partition was b) ,d vfoHkDr fgUnw dqVqEc
Rs. 12,00,000.
c) Mr. B purchased 50 convertible
}kjk 1945 esa ,d x`g
debentures for Rs. 40,000 in 1995 laifr 20]000@& :- es
which are converted in to 500 [kjhnh xbZA fiNys o”kZ]
shares worth Rs. 85000 in 2021&22 esa ifjokj ds
November 2021 by the company. foHkktu ds le; ;g ifjokj
d) All of the above ds ,d lnL; dh nh xbZA
foHkktu ds fnu mldk mfpr
cktkj ewY; 12]00]000@&
:- Fkk
c) Jheku B us 1995 esa
40]000@& :- esa 50
ifjorZuh; fMcsapj [kjhns
ftudks daiuh }kjk uoEcj
2021 esa 85]000@& :-
ewY; ds 500 ‘ks;jksa es
cny fn;k x;k
d) mi;qZDRk lHkh
41. Smt. Anamika, who runs a hotel business, Jherh vukfedk] tks gksVy dk
sold a flat in Delhi on 04.03.2022, the stamp O;olk; djrh gS] us fnukad 04-
duty of which is Rs. 5 crores for Rs. 4.5 03-2022 dks fnYyh esa viuh
crores to her friend Smt. Akansha, who fe= Jherh vkdka{kk tks foKkiu
works in an advertising agency. Smt. vfHkdj.k esa dk;Zjr gS] dks 4-5
Anamika had purchased the flat 14 months djksM+ :- esa QySV cspk ftldk
ago for 3.5 Crores and stamp duty value as
on that date was Rs. 3.5 crores. What is the
LVkEi ‘kqYd ewY; 5 djksM+ :- gSA
tax implication of such sale? Jherh vukfedk us ml QySV dks
a) 1.5 crores would be taxable as 14 ekg iwoZ 3-5 djksM+ :- esa
STCG in the hands of Smt. [kjhnk Fkk vkSj ml fnu mldk
Anamika and there will be no tax LVkEi ‘kqYd ewY; 3-5 djksM+ :-
implication in the hands of Smt. FkkA ,sls fodz; ij dj ns;rk D;k
Akansha. gksxh\
b) 1.5 crores would be taxable as a) Jherh vukfedk dks STCG
Business Income in the hands of ds :Ik esa 1-5 djksM+ dj
Smt. Anamika and there will be no ns;rk gksxh vkSj Jherh
tax implication in the hands of Smt. vkdka{kk dh dksbZ dj ns;rk
Akansha.
c) 1.5 crores would be taxable as
ugha gksxh
b) Jherh vukfedk dks O;kikj
STCG in the hands of Smt.
Anamika and Rs. 50 lakhs as vk; ds :Ik esa 1-5 djksM+
Income from Other Sources in the :- dj ns;rk gksxh vkSj
hands of Smt. Akansha. Jherh vkdka{kk dh dksbZ dj
d) 1.5 crores would be taxable as ns;rk ugha gksxh
LTCG in the hands of Smt. c) Jherh vukfedk dks STCG
Anamika and Rs. 1 crore as Income ds :Ik esa 1-5 djksM+ :- dh
from Other Sources in the hands of dj ns;rk gksxh vkSj Jherh
Smt. Akansha. vkdka{kk dks vU; lzksr ls
 vk; ds :Ik esa 50 yk[k
:- dh vk; dj ns;rk gksxh
d) Jherh vukfedk dks STCG
ds :Ik esa 1-5 djksM+ :- dh
dj ns;rk gksxh vkSj Jherh
vkdka{kk dks vU; lzksr ls
vk; ds :Ik esa 1 djksM+ :-
dh vk; dj ;ksX; gksxh
42. A foreign Institutional Investor (FII) has ,d fons’kh laLFkkxr fuos’kd (FII)
total income which includes short-term dh dqy vk; esa 50 yk[k :- ds
capital gains on sale of preference shares of vf/kekuh ‘ks;jksa ds fodz; ij gq,
Rs. 50 Lakh. The Rate of tax for charging vYidkfyd iwathxr vfHkykHk
such income to tax is:
‘kkfey gSA ,slh vk; fdl nj ij
a) 10%
b) 30%
dj izHkk;Z gksaxh%
c) 15% a) 10%
d) 40% b) 30%
c) 15%
d) 40%
43. Rental income earned from the business of laifr;ksa dks fdjk, ij nsus ds
letting out of properties is: O;olk; ls gqbZ fdjk;s dh vk;
a) Always taxable as Income from gS%&
House property a) x`g laifr ls vk; ds :Ik
b) Always taxable as business income esa ges’kk dj ;ksX; gS
c) Taxable as business income or b) O;kikj ls gqbZ vk; ds :Ik
Income from house property, at the
option of assessee
esa ges’kk dj ;ksX; gS
c) fu/kkZfjrh ds fodYi ij x`g
d) Taxable as business income only if
the entire or substantial Income of laifr ls vk; ;k O;kikj ls
assessee was from letting out of vk; ds :Ik esa dj ;ksX; gS
property. Otherwise, the same d) O;kikj ls dj ;ksX; vk;
would be taxable as income from dsoy rHkh ekuh tk,xh tc
house property. fu/kkZfjrh dh laiw.kZ ;k
vf/kdka’k@i;kZIr vk;] laifr
dks fdjk;s ij nsus ls gqbZ
gks] vU;Fkk og x`g laifr ls
vk; ds :i esa dj ;ksX;
gksxh
44. Y Ltd. purchased computers for Rs. 10 Y fyfeVsM us 5 vDVqcj 2021
lakhs on 5th October, 2021, installed the dks 10 yk[k :- ds dEI;wVj
same in its office and put the said computers [kjhns] mlh fnu yxk Hkh fn;k vkSj
to use on the same date. The depreciation mudks dk;kZy; esa mi;ksx fd;kA
allowable u/s 32 in respect of the said
mDr dEI;wVjksa ds laca/k esa /kkjk
computers is:
a) 1.5 lakhs
32 ds varxZr LOkhdk;Z ewY;gzkl
b) 4 lakhs gS%&
c) 3 lakhs a) 1-5 yk[k
d) 2 lakhs b) 4 yk[k
c) 3 yk[k
d) 2 yk[k
45. Ms. Pratibha is a working partner in a firm. lqJh izfrHkk fdlh QeZ esa ,d
She is paid a fixed monthly salary of Rs. dk;Zdkjh lk>snkj gSA mldks fu;r
45,000. In this case, the salary received by 45]000@& :- ekfld osru dk
 Ms. Pratibha shall be charged to tax in Hkqxrku fd;k tkrk gSA bl ekeysa
which head of Income and to what extent? esa lqJh izfrHkk }kjk izkIr osru
a) Salaries fdl vk; ‘kh”kZ ds varxZr vkSj
b) Profits and gains of business and fdl lhek rd dj izHkk;Z gksxk%&
profession, to the extent of amount a) osru
allowed to the firm u/s 40(b).
b) /kkjk 40(b) ds varxZr QeZ ds
c) Profits and gains of business and
profession, to the extent of amount fy, vuqer jkf’k dh lhek
not allowed to the firm u/s 40(b). rd O;kikj rFkk O;olk; ls
d) Income from other sources ykHk o vfHkykHk
c) /kkjk 40(b) ds varxZr QeZ ds
fy, vLohd`r jkf’k dh lhek
rd O;kikj rFkk O;olk; ls
ykHk o vfHkykHk
d) vU; lzksr ls vk;
46. Capital gain on Slump sale is: eanh fcdzh ls gq, iwathxr vfHkykHk:
(a) always short-term capital gain a) ges'kk vYidkfyd iwathxr
(b) always long-term capital gain vfHkykHk gksrs gSa
(c) Depends on period of holding of capital b) ges'kk nh?kZdkfyd iwathxr
asset being undertaking transferred
vfHkykHk gksrs gSa
(d) Not taxable
c) iwathxr vkfLr dh /kkj.k
vof/k ij fuHkZj djrk gS
d) dj ;ksX; ugha
47. Winning from lotteries is Rs. 80,000 and ykWVjh thrus ls 80]000@& :-
expenses incurred to earn such income are izkIr gq, vkSj ,slh vk; gsrq
Rs.15,000. Its taxable income is: 15]000@& :- dk O;; gqvkA dj
a) Rs. 80,000 ;ksX; vk; gS%&
b) Rs. 65,000 a) 80]000@& :-
c) Nil b) 65]000@& :-
d) None of above
c) ‘kwU;
d) mi;qZDr esa ls dksbZ ugha
48. Cost of acquisition of capital asset being migkj }kjk izkIr vpy laifÙk ds
immovable property acquired through gift :Ik esa iwathxr vkfLr ds vtZu
covered u/s 49(4) is: dh ykxr dks /kkjk 49(4) ds
a) Actual cost of acquisition to the varxZr ‘kkfey fd;k tkrk gS%
previous owner
a) fiNys ekfyd ls vtZu dh
b) Nil
c) Stamp duty value of the property as
okLrfod ykxr
considered while computing income b) ‘kwU;
u/s 56(2) c) /kkjk 56(2) ds varxZr vk;
d) Actual cost of acquisition to the dh x.kuk djus ds nkSjku
assessee. laifÙk dk ekuk x;k LVkEi
‘kqYd ewY;
d) fu/kkZfjrh }kjk vtZu dh
okLrfod ykxr
49. In which of the following transfers, benefit fuEufyf[kr fdl varj.k esa
of indexation is available: vuqdzef.kdk dk ykHk miyC/k gksrk
a) Transfer of Securities by a foreign gS:
institutional investor u/s 115AD
a) /kkjk 115AD ds varxZr
b) Transfer of undertaking or division
in a slump sale u/s 50B. fons’kh laLFkkxr fuos’kd }kjk
c) Transfers of shares in an Indian izfrHkwfr;ksa dk varj.k
 Company Purchased in foreign b) /kkjk 50B ds varxZr eanh
currency by a non-resident assessee. fcdzh esa ifjopu dk varj.k
d) None of the above ;k foHkktu
c) ,d vfuoklh fu/kkZfjrh }kjk
fons’kh eqnzk esa [kjhns x,
‘ks;jksa dk ,d Hkkjrh; daiuh
esa varj.k
d) mi;qZDr esa ls dksbZ ugha
50. As per section 78 of the Income-tax Act, vk;dj vf/kfu;e 1961 dh /kkjk
1961, how is carry forward and set off of 78 ds vuqlkj fdlh QeZ ds
losses in case of change in constitution of laxBu esa ifjorZu ds ekeys esa
firm to be done? gkfu dk vxzu;u vkSj lek;kstu
a) It will have no impact on carry
fdl izdkj fd;k tkrk gS:
forward and set off of losses.
a) bldk gkfu ds vxzu;u vkSj
b) Carry forward and set off of losses
shall be restricted to 51%. lek;kstu ij dksbZ izHkko
c) Carry forward and set off of losses ugha gksxk
shall not be allowed. b) gkfu dk vxzu;u vkSj
d) Carry forward and set off of losses lek;kstu 51% rd lhfer
proportionate to the shares of j[kk tk,xkA
retired or deceased partner shall not c) gkfu dk vxzu;u vkSj
be allowed. lek;kstu dk vuqKkr ugha
fd;k tk,xk
d) lsokfuo`Ùk ;k e`r Hkkxhnkj
ds ‘ks;jksa ds vuqikr eas gkfu
dk vxzu;u ;k lek;kstu
dk vuqKkr ugha fd;k
tk,xk
51. In case of succession of a person carrying fdlh O;fDr ds mRRkjkf/kdkjh ds
on any business or profession by another ekeys esa fdlh vU; O;fDr }kjk
person in such capacity, section 78 of the mlh gSfl;r ls dkjksckj ;k
Income-tax Act, 1961 provides for carry O;olk; djus ds laaca/k esa]
forward and set off of losses in which of the fuEufyf[kr esa ls fdl ekeys esa
following cases? vk;dj vf/kfu;e 1961 dh /kkjk
a) If succession is by way of gift.
b) If succession is by inheritance.
78 ds vxzu;u vkSj lek;kstu
c) Carry forward and set off of losses dk mica/k djrh gS\
is allowed in all cases of a) ;fn mRRkjkf/kdkj migkj }kjk
succession. izkIr gSA
d) If the losses occurred in the year of b) ;fn mRRkjkf/kdkj fojklr ls
succession. izkIr gSA
c) gkfu dk vxzu;u vkSj
lek;kstu mRrjkf/kdkj ds
lHkh ekeyksa esa vuqeR; gSA
d) ;fn gkfu mRRkjkf/kdkj ds o”kZ
esa ?kfVr gksrk gSA
52. For claiming deduction under section vk;dj vf/kfu;e 1961 dh /kkjk
80GGC of the Income-tax Act, 1961, the 80GGC ds varxZr dVkSrh dk
following has to be satisfied: nkok djus ds fy,] fuEufyf[kr
(i) Deduction is in respect of ‘krZ iwjh gksuh pkfg,%
contribution made to a political
 party (i) dVkSrh dk nkok fdlh
(ii) Deduction is in respect of jktuhfrd ny dks fn,
contribution made to an electoral x, va’knku ds laca/k esa
trust gSa
(iii) Contribution is made in any mode
including by way of cash (ii) dVkSrh dk nkok fdlh
(iv) Local authority wholly or partly fuokZpu U;kl dks fn,
funded by the Government is also x, va’knku ds laca/k esa
eligible for deduction gSA
Which of the following is correct? (iii) va’knku udn rjhds ds
a) (i) only lkFk&lkFk vU; fdlh Hkh
b) (i) and (ii) rjhds ls fd;k tkrk gSA
c) (i), (ii) and (iv) (iv) iw.kZ :Ik ls ;k vkaf’kd
:Ik ls ljdkjh fuf/k
d) (ii), (iii) and (iv) izkIr LFkkuh; izkf/kdkjh
Hkh dVkSrh ds fy, ik= gSa
fuEufyf[kr esa ls dkSu lk fodYi
lgh gS\
a) (i) dsoy
b) (i) o (ii)
c) (i) , (ii) vkSj (iv)
d) (ii) , (iii) vkSj (iv)
53. Eligible start-up for the purposes of section vk;dj vf/kfu;e 1961 dh /kkjk
80-IAC of the Income-tax Act, 1961, means 80-IAC ds iz;kstu ds fy, ik=
a company or limited liability partnership LVkVZ vi dk vFkZ gS ,d daiuh ;k
engaged in eligible business fulfilling which lhfer ns;rk lk>snkjh tks mi;qZDr
of the following conditions:
dkjksckj esa yxh gqbZ gks RkFkk
a) It is incorporated on or after 1st
April, 2016 but before 1st April,
fuEufyf[kr ‘krZ iwjh djrh gks%
2022 a) ;g 1 vizSy] 2016 dks
b) The total turnover of its business blds ckn fdarq 1 vizSy]
does not exceed Rs 100 crore in the 2022 ls igys fuxfer dh
year in which deduction is claimed xbZ gksA
c) It holds a certificate of eligible b) ftl o”kZ dVkSrh dk nkok
business from the Inter-Ministerial fd;k tk, ml o”kZ blds
Board of Certification dkjksckj dk dqy O;kikjorZ
d) All of the above. :0 100 djksM+ ls vf/kd u
gksA
c) blds ikl mi;qDr dkjksckj
dk varj ea=ky;h izek.ku
cksMZ }kjk tkjh izek.k&i= gksA
d) mi;ZqDr lHkhA
54. Deduction u/s. 80JJA is available if the /kkjk 80JJA ds varxZr dVkSrh
assessee: miyC/k gksrh gSS] ;fn fu/kkZfjrh:
a) Is engaged in the business of
a) tSo vi?kVuh; vif’k”V ds
collecting and processing
biodegradable waste.
laxzg.k vkSj izlaLdj.k ds
b) Sets up an industrial unit in a dkjksckj esa yxk gqvk gSA
backward area b) fdlh fiNM+s {ks= esa vkS|ksfxd
c) Is engaged in business of bdkb LFkkfir djrk gSA
construction of affordable housing c) lLrs ?kjksa ds fuekZ.k dkjksckj
 d) Is engaged in horticulture business esa yxk gqvk gSA
d) ckxokuh dkjksckj esa yxk gqvk
gSA
55. Income referred to in sec. 68 to sec. 69D /kkjk 68 ls 69D esa fufnZ”V vk;]
shall be taxable @____ excluding vf/kHkkj vkSj midj dks NksM+dj
Surcharge and Cess:
________ dh nj ls dj ;ksX;
a) 25
b) 60
gksxhA
c) 30 a) 25
d) 70 b) 60
c) 30
d) 70
56. A company has the following: ,d daiuh ds ikl gS%
(i)Current scientific research expenditure (i) pkyw oSKkfud vuqla/kku O;;
(ii) Current depreciation
(ii) pkyw ewY; ãl
(iii)Unabsorbed depreciation
(iv)Brought forward Business loss (iii) vkesyu jfgr ewY; ãl
The order sequence of set off is: (iv) vxzuhr dkjksckj gkfu
lek;kstu dk vuqdze gS%
a) (i), (ii), (iii), (iv)
b) (iv), (iii), (i), (ii) a) (i), (ii), (iii), (iv)
c) (i), (ii), (iv), (iii)
b) (iv), (iii), (i), (ii)
d) (iv), (ii), (i), (iii)
c) (i), (ii), (iv), (iii)
d) (iv), (ii), (i), (iii)
57. Mr. Vaibhav incurred medical expenditure Jheku oSHko us iw.kZr;k vkfJr
of Rs. 1,20,000 in respect of the disease vius firk ¼mez 69 o”kZ½ ds fy,
specified in rule 11DD for his father (aged fu;e 11DD esa of.kZr fcekjh ij
69) who is wholly dependent on him. The :0 1]20]000 fpfdRlk O;;
amount eligible for deduction from his gross
mixr fd;kA mldh dqy vk; esa
total income would be ________.
a) Rs. 120,000
ls dVkSrh ds fy, ik= vk; gksxh
b) Rs. 60,000 _______
c) Rs. 80,000 a) :0 1]20]000@&
d) Rs. 1,00,000 b) :0 60]000@&
c) :0 80]000@&
d) :0 1]00]000@&
58. Which of the following can be treated as /kkjk 80-IB ds varxZr dVkSrh dh
profit derived from business or undertaking ‘krZ iwjk djus ds fy, fuEufyf[kr
to qualify for deduction u/s 80-IB? esa ls fdls dkjksckj ;k midze ls
(i) Transport subsidy O;qRiUUk ykHk ekuk tk,xk\
(ii) Duty drawback receipts
(iii) Interest subsidy (i) ifjogu lkgkf;dh
(iv) Power subsidy (ii) ‘kqYd dh okilh dh jlhn
(iii) C;kt lkgkf;dh
a) Only (i) (iv) fctyh lkgkf;dh
b) (i), (iii) & (iv)
c) (ii) & (iii)
d) All of the above a) dsoy (i)
b) (i), (iii) vkSj (iv)
c) (ii) vkSj (iii)
d) mi;qZDr lHkh
59. Dividend distribution Tax by a domestic /kkjk 115-O ds varxZr ?kjsyw daiuh
company under section 115-O shall be paid }kjk ykHkka’k dk forj.k ykHkka’k dh
within _____ days of declaration of
?kks”k.kk djus ds ____fnuksa ds vanj
dividend.
a) 30 days
fd;k tk,xk
b) 15 days a) 30 fnu
c) 10 days b) 15 fnu
d) 14 days c) 10 fnu
a) 14 fnu
60. In case of demerger, the carry forward and vfoy;u ds ekeys esa lafpr gkfu
set off of accumulated losses and vkSj vuvo’kksf”kr ewY;ãl dk
unabsorbed depreciation which is not vkxs ys tkus vkSj lek;kstu dh
directly related to the undertaking vuqefr] ftldk vfoy;u okyh
transferred by demerged company to the daiuh }kjk ifj.kkeh daiuh dks
resulting company is allowed to the: varfjr midze ls izR;{k laca/k ugha
a) Demerged Company only
b) Resulting Company only
gS] fdl daiuh dks gSA
c) Both the companies i.e. demerged a) dsoy vfoy;u okyh daiuh
company and resulting company in dks
proportion to value of assets b) dsoy ifj.kkeh daiuh dks
retained and transferred. c) varfjr vkSj izfr/kkfjr
d) Not allowed vkfLr;ksa ds ewY; ds vuqikr
esa nksuksa daifu;ksa dks vFkkZr
vfoy;u okyh daiuh vkSj
ifj.kkeh daiuh dks
d) vuqefr ugha gS
61. When an Indian company holds 30% of the tc fons’kh daiuh dh bfDoVh iwWath
nominal value of equity capital of a foreign ds ukeek= ewY; dk 30%
company, the amount of dividend received Hkkjrh; daiuh ds ikl gS rks
from the foreign company in the hands of fons’kh daiuh ls izkIr ykHkka’k jkf’k
Indian company is:
Hkkjrh; daiuh ds ij
a) Exempt from Tax
a) dj ls NwV izkIr gksxh
b) Taxable @ 15%
c) Taxable @ 10% b) 15% dh nj ij dj ;ksX;
d) Taxable @ 30% gksxh
c) 10% dh nj ij dj ;ksX;
gksxh
d) 30% dh nj ij dj ;ksX;
gksxh
62. During the time of calculation of relief u/s vf/kfu;e dh /kkjk 90 vkSj 91
90 and 91 of the act, which of the following ds varxZr jkgr dh x.kuk djrs
will be considered? le; fuEufyf[kr esa ls fdl ij
(i) Tax paid on double-taxed income fopkj fd;k tk,xk\
outside India. (i) Hkkjr ls ckgj nksgjk djk/kku
(ii) Tax payable on double-taxed vk; ij Hkqxrku fd;k x;k
income under Income Tax Act.
(iii) Tax paid on double-taxed income
dj
inside India. (ii) vk;dj vf/kfu;e ds varxZr
(iv) Tax payable on income under nksgjk djk/kku vk; ij dj
Income Tax Act. ns;rk
a) Lower of (i) & (ii) (iii) Hkkjr esa nksgjk djk/kku vk;
b) Lower of (i) & (iii) ij Hkqxrku fd;k x;k dj
c) Lower of (ii) & (iv) (iv) vk;dj vf/kfu;e ds varxZr
 d) Lower of (iii) & (iv) vk; ij dj ns;rk
a) (i) vkSj (ii) dk de
b) (i) vkSj (iii) dk de
c) (ii) vkSj (iv) dk de
d) (iii) vkSj (iv) dk de
63. The rate of surcharge is applied on: vf/kHkkj dh nj fdl ij ykxw gksrh
a) Total Income gSA
b) Total tax before Health & a) dqy vk; ij
Education cess b) LokLF; vkSj f’k{kk midj ls
c) Total tax after Health & Education iwoZ dqy dj
Cess c) LokLF; vkSj f’k{kk midj ds
d) None of the above
ckn dqy dj
d) mi;qZDr esa ls dksbZ ugha
64. The rate of tax and rate of surcharge fu/kkZj.k o”kZ 2021&22 ds fy,
applicable on foreign company if its income fons’kh daiuh ftldh vk; 1 djksM+
exceeds Rs. 1 Crore but does not exceed Rs. :0 ls vf/kd gS ijarq 10 djksM+
10 Crores for AY 2021-22 is: :0 ls de gS ij ykxw dj ,oa
a) 40% & 2% respectively vf/kHkkj dh nj D;k gksxhA
b) 35% & 2% respectively
a) dze’k% 40% vkSj 2%
c) 40% & 5% respectively
d) 30% & 2% respectively b) dze’k% 35% vkSj 2%
c) dze’k% 40% vkSj 5%
d) dze’k% 30% vkSj 2%

65. In order to claim relief under tax treaty in Hkkjr esa dj laf/k ds varxZr jkgr
India, a non-resident: dk nkok djus gsrq fdlh vfuoklh
a) Should have a business presence in dk:
India a) Hkkjr esa O;kikfjd mifLFkfr
b) Should produce his Permanent
gksuh pkfg,
Account Number
b) viuk LFkkbZ ys[kk la[;k
c) Should produce Tax Residency
Certificate izLrqr djuk pkfg,A
d) Should produce hid Income Tax c) viuk dj fuoklh izek.ki=
return filed in home country izLrqr djuk pkfg,
d) Lons’k esa nkf[ky dh xbZ
vk;dj fooj.kh izLrqr djuh
pkfg,
66. As per section 115BG, where total income /kkjk 115BG ds vuqlkj] tgkWsa ij
of the assessees includes any income from fu/kkZfjfr;ksa dh dqy vk; esa] dkcZu
the transfer of carbon credit then such dzsfMV ds varj.k ls vk; Hkh
income shall be taxable at concessional rate lfEefyr gks rks ,slh vk; ij
of ------- plus CESS on the ______ amount
of such income. _______ dh fj;k;rh nj ls rFkk
a) 5% Gross ,slh vk; dh _____ jkf’k ij
b) 10% Gross midj ds rgr djk/ks; gksxhA
c) 5% Net a) dqy 5%
d) 10% Net b) dqy 10%
c) ‘kq) 5%
 d) ‘kq) 10%
67. A Inc., a company incorporated in USA on A budksiksZjs’ku daiuh tks 14
14th October 2019, is engaged in the vDVwcj 2019 dks USA esa
business of manufacturing of toys. The
lekfo”V f[kykSus cukus ds O;olk;
company has not made any prescribed
arrangements for distribution of dividends
ls tqM+h gqbZ gSA daiuh us Hkkjr esa
in India. For the A.Y. 2021-22, A Inc. is vius ykHkka’k ds forj.k ds fy,
treated as resident on account of its place of dksbZ fu/kkZfjr O;oLFkk ugha cukbZ
effective management being in India. A Inc. gSA fu/kkZj.k o”kZ 2021&22 ds
can opt for concessional tax rate of: fy,] dks izHkkoh izca/ku dk LFkku
a) 25% u/s 115BA Hkkjr esa gksus dh otg ls] A Inc.,
b) 15% u/s 115BAB dks ,d fuoklh ds :Ik esa ekuk
c) 22% u/s 115BAA tkrk gSA A Inc., nj ij fj;k;rh
d) None of the above dj pqu ldrh gSA
a) /kkjk 115BA ds rgr 25%
b) /kkjk 115BAB ds rgr 15%
c) /kkjk 115BAA ds rgr 22%
d) mijksDr esa dksbZ ugha
68. Which of the following business is eligible fuEufyf[kr esa ls dkSu&lk
to opt for sec 115BAB assuming all the O;olk; /kkjk 115BAB dks pquus
other conditions are satisfied? dk ik= gS] ;g ekurs gq, fd
a) Mining ckdh lHkh ‘krsZ iwjh gSa\
b) Converting marble blocks into slabs
a) [kuu
c) Growing of tea leaves and making
b) ekcZy CykWd dks LySc esa
tea
d) Printing of books ifjofrZr djuk
c) pk; ckxku mxkuk vkSj pk;
cukuk
d) iqLrdksa dk izdk’ku
69. Which of the following amounts, if debited fuEufyf[kr esa ls dkSu&lh jkf’k
to the statements of profit and loss, are dks ;fn ykHk vkSj gkfu fooj.k ls
required to be added while computing book MsfcV dh xbZ gS] rks MAT ds
profits for the purpose of MAT? mn~ns’; ds fy, cgh ykHk dh
(i) Income Tax
x.kuk djrs le; tksMus dh
(ii) Proposed dividend
(iii) Depreciation
t:jr iMsxh\
(i) vk; dj
(iv) Interest on Income Tax
(v) Amount transferred to general (ii) izLrkfor ykHkka’k
reserve (iii) ewY;ãl
(vi) Provision for losses of subsidiary (iv) vk;dj ij C;kt
company (v) lkekU; vkjf{kr esa varfjr
(vii) Dividend paid dh xbZ jkf’k
(vi) lgk;d daiuh dh gkfu;ksa ds
a) (i),(iii),(v),(vi),(vii) fy, izko/kku
b) (i),(ii),(iii),(iv),(v),(vi),(vii) (vii) Hkqxrku fd;k x;k ykHkka’k
c) (i),(ii),(v),(vii)
a) (i),(iii),(v),(vi),(vii)
d) (i),(ii),(iii),(v),(vi),(vii)
b) (i),(ii),(iii),(iv),(v),(vi),(vii)
c) (i),(ii),(v),(vii)
d) (i),(ii),(iii),(v),(vi),(vii)
70. Which of the following is not true in respect U;wure vkuqdfYid dj ds laca/k
 of Alternate Minimum Tax? esa fuEufyf[kr esa ls D;k lgh
(i) AMT provisions are not applicable ugha gS\
to Individual, HUF & Firm whose (i) U;wure vkuqdfYid dj
adjusted total income does not izko/kku ml O;fDr] fgUnw
exceed Rs. 20,00,000. vfoHkDr dqVqEc vkSj QeZ ij
(ii) The provision of AMT will apply to ykxw ugha gksrs gSa ftudh
every corporate taxpayer who has
claimed deduction u/s 35AD
dqy lek;ksftr vk;
(iii) Every non-corporate tax payer to 20]00]000@& :- ls vf/kd
whom the provision of AMT apply ugha gS
is required to obtain a report from a (ii) U;wure vkuqdfYid izko/kku
CA in form no. 29C on or before the gj ml fuxe djnkrk Ikj
due date specified u/s 44AB. ykxw gksrs gSa ftlus /kkjk
(iv) AMT provisions are not applicable 35AD ds rgr dVkSrh dk
to assessees opting for provisions of nkok fd;k gS
Sec 115BAC and Sec 115BAD (iii) izR;sd ukWu&dkWiksZjsV djnkrk
dks ftl ij U;wure
a) (i) &(iv) vkuqdfYid dj izko/kku ykxw
b) (iii) &(iv)
c) (i) & (ii) gksrs gSa] /kkjk 44AB ds rgr
d) (i) & (iii) mYysf[kr ns; frfFk dks ;k
mlls igys] QkWeZ la[;k 29C
esa pkVZM ,dkmaVsV ls ,d
fjiksVZ izkIr djuh gksxh
(iv) U;wure vkuqdfYid dj mu
fu/kkZfjfr;ksa ij ykxw ugha
gksrs gS ftUgksaus /kkjk
115BAC vkSj /kkjk 115BAD
ds izko/kkuksa dk pquko fd;k
gS
a) (i) vkSj (iv)
b) (iii) vkSj (iv)
c) (i) vkSj (ii)
d) (i) vkSj (iii)
71. The PAN is not required to be quoted in the fuEufyf[kr esa ls fdu ekeyas esa
which of the following cases: PAN dk m)j.k nsus dh
a) In returns or correspondence with vko’;drk ugha gS
Income-tax authorities
b) In all challans for payment of any
a) foojf.k;ksa esa ;k vk;dj
sum izkf/kdkfj;ksa ds lkFk i=kpkj
c) Sale/Purchase of immovable esa
property of value exceeding b) fdlh jkf’k ds Hkqxrku ds
Rs.5,00,000/- lHkh pkykuksa esa
d) Sale or purchase of shares in a c) fdlh vpy laifr dh
company not listed in recognised fcdzh@[kjhn esa ftldh dher
stock exchange where the value 5]00]000@& :- ls T;knk gS
exceeds Rs.1,00,000/- per
transaction. d) fdlh daiuh ds ‘ks;jksa ds dz;
;k fodz; esa] tks fdlh
ekU;rk izkIr LVkWd ,Dlpsat
esa lwphc) ugha gS] tgka izfr
laO;ogkj dher 1]00]000@&
:- ls T;knk gS
72. In the course of search operation u/s 132, /kkjk 132 ds rgr ryk’kh dkjZokbZ
Mr. Aakash makes a declaration u/s 132(4) ds nkSjku] Jheku vkdk’k us /kkjk
on the earning of income not disclosed in 132¼4½ ds rgr] iwoZ o”kZ
respect of PY 2020-21. He also explains the 2020&21 esa vftZr v?kksf”kr vk;
manner in which he has derived such ds laca/k esa ,d ?kks”k.kk i= fn;kA
income and he pays tax together with mlus ;g Hkh Li”Vhdj.k fn;k fd
interest on such income and declares such
income in the return of income filed by him.
mlus bl rjg dh vk; fdl jhfr
Is penalty leviable in this case? ls izkIr dh gS vkSj og ,slh vk;
ij dj ds lkFk&lkFk C;kt dk Hkh
a) No penalty is attracted since he has Hkqxrku djrk gS rFkk nkf[ky dh
voluntarily made a declaration u/s xbZ vk;dj fooj.kh esa bl vk;
132(4) dks ?kksf”kr djrk gSA D;k ,sls
b) Penalty @10% ekeysa esa naM vkjksfir gksxk\
c) Penalty @ 30% a) dksbZ naM ugha curk D;ksafd
d) Penalty @ 60% mlus /kkjk 132(4) ds rgr
LosPNk ls ?kks”k.kk dh gS
b) @10% dh ‘kkfLr
c) @30% dh ‘kkfLr
d) @60% dh ‘kkfLr
73. A return of income when notified as ,d vk;dj fooj.kh dks tc
defective, has to be rectified within: =qfViw.kZ ?kksf”kr dj fn;k tkrk gS rks
a) 15 days mls fdrus fnuksa ds vanj ifj’kksf/kr
b) 30 days fd;k tkuk pkfg,%
c) 45 days
a) 15 fnu
d) 60 days
b) 30 fnu
c) 45 fnu
d) 60 fnu
74. Non-resident is not required to furnish its vfuoklh dks vf/kfu;e dh /kkjk
return of income under sub-section (1) of 139 dh mi/kkjk ¼1½ ds rgr
section 139 of the Act, if its total income, vk;dj fooj.kh izLrqr djus dh
consists of: vko’;drk ugha gSa] vxj mldh
a) Certain dividend or interest income dqy vk; esa lfEefyr gksa&
and the TDS on such income has
been deducted
a) ,d fuf’pr ykHkka’k ;k C;kt
b) Any income by way of royalty or ls vk; vkSj ,slh vk; ls
fees for technical services other TDS dVkSrh dh xbZ gks
than income referred to in sub- b) /kkjk 44DA dh mi/kkjk (1) esa
section (1) of section 44DA, the mYysf[kr vk; ls fHkUu]
TDS on such income has been jkW;YVh ;k rduhdh lsokvksa ds
deducted. ek/;e ls izkIr dksbZ Hkh
c) (a) only
d) Either (a) or (b)
vk;] ftl ij TDS dVkSrh
dh xbZ gks
c) dsoy (a)
d) (a) ;k (b) esa ls dksbZ ,d
75. The Assessing Officer can complete the fu/kkZj.k vf/kdkjh /kkjk 144 ds
assessment u/s 144 even though there is no rgr fu/kkZj.k dks iw.kZ dj ldrk gS
failure on the part of assessee u/s 139(1), ;|fi fu/kkZfjrh dh vksj ls]
139(4), 139(5), 142(1), 142(2A) or 143(2) vf/kfu;e dh /kkjk 139(1), 139(4),
of the Act. Such powers by the A.O. may be
exercised in the following situations: 139(5), 142(1), 142(2A) ;k 143(2) ds
 a) Where the A.O. is not satisfied vuqlkj] dksbZ Hkh pwd ugha gqbZ gSA
about the completeness or fu/kkZj.k vf/kdkjh }kjk ,slh
correctness of accounts of assessee. ‘kfDr;ksa dk iz;ksx fuEufyf[kr
b) Where the method of accounting ifjfLFkfr;ksa esa fd;k tk ldrk gS%
has not been regularly followed by
a) tc fu/kkZj.k vf/kdkjh
the assessee
c) Where the income has not been
fu/kkZfjrh ds ys[kk dh iw.kZrk
computed in accordance with vFkok lR;rk ds ckjs esa
“ICDS” notified by the Central larq”V ugha gS
Government u/s 145(2) b) tgka ij fu/kkZfjrh }kjk ys[kk
d) Any of the above three or in all fof/k dk fu;fer :Ik ls
above three situations ikyu ugha fd; x;k gks
c) tgka ij vk; dh x.kuk]
dsUnzh; ljdkj }kjk /kkjk
145(2) ds rgr lwfpr “ICDS”
ds vuqlkj ugha dh xbZ gks
d) mijksDr rhuksa esa ls dksbZ Hkh
,d ;k mijksDr lHkh rhuksa
ifjfLFkfr;ksa esa
76. An apparent error in the assessment order /kkjk 143¼3½ ds rgr] fnukad 15-
passed u/s 143(3), dated 15.11.2021, was 11-2021 dks tkjh fd;s x,
noticed by the assessee in Feb 2022. The fu/kkZj.k vkns’k dh ,d n`’;eku
time limit for seeking rectification of =qfV dks fu/kkZfjrh }kjk Qjojh]
mistake is available up to: 2022 es ns[kk x;kA bl =qfV dks
a) 31.03.2026 la’kksf/kr djokus dh le; vof/k
b) 31.03.2025
c) 31.03.2022
&&& rd miyC/k gS%
d) 31.03.2023 a) 31-03-2026
b) 31-03-2025
c) 31-03-2022
d) 31-03-2023
77. MNO (P) Ltd. filed its return for assessment MNO (P) fyfeVsM us 10-05-2021
year 2021-22 on 10.05.2021. State the time- dks fu/kkZj.k o”kZ 2021&22 ds
limit within which a notice under section fy, viuk fjVuZ nkf[ky fd;kA og
143(2) has to serve on the assessee? le; vof/k crk, ftlds Hkhrj
a) 31.03.2022
/kkjk 143¼2½ ds rgr fu/kkZfjrh dks
b) 31.12.2021
c) 30.09.2022 ,d uksfVl Hkstk tk ldrk gS?
d) 30.09.2021 a) 31-03-2022
b) 31-12-2021
c) 30-09-2022
d) 30-09-2021
78. Scope of assessment under section 143(1) /kkjk 143¼1½ ds rgr fu/kkZj.k ds
includes computation of total income or loss fo”k;&{ks= esa lHkh lek;kstu] ;fn
after making the adjustments, if any. These dksbZ gks] ds mijkar dqy vk; ;k
adjustments include: gkfu dh x.kuk lfEefyr gSA bu
a) An incorrect claim, if such incorrect lek;kstuksa esa lfEefyr gS%
claim is apparent from any
information in the return
a) ,d xyr nkok] ;fn ,slk
b) Disallowance of deduction claimed xyr nkok fjVuZ dh fdlh
u/s 10AA, 80IA to 80-IE, if the lwpuk esa n`’;eku gSA
return is furnished beyond the due b) /kkjk 10AA, 80IA ls 80IE
 date specified under section 139(1) rd ds rgr fd, x, dVkSrh
c) Disallowance of expenditure ds nkos dks ukeatwj djuk]
indicated in the audit report but not ;fn fjVuZ] /kkjk 139¼1½ ds
taken into account in computing the rgr mYysf[kr ns; frfFk ds
total income in the return ijs izLrqr fd;k x;k gS
d) All of the above
c) ys[kkijh{kk fjiksVZ esa n’kkZ;s
x, O;; dks ukeatwj djuk
ysfdu fjVuZ esa dqy vk; dh
x.kuk djrs le; ‘kkfey u
djuk
d) mijksDr lHkh
79. In case of issue of shares at premium by lwphc) daifu;ksa }kjk izhfe;e ij
listed companies, share premium is: ‘ks;j tkjh djus ds ekeys esa]
a) Not considered as Income ‘ks;j izhfe;e gksrk gS:
b) Considered Income under the head
capital gains
a) vk; ugha ekuk tkrk gSA
c) Considered as Income under the b) iwathxr ‘kh”kZ ds rgr vk;
head Income from other sources ykHk ekuk tkrk gSA
d) Considered as Income under the c) vU; L=ksr ls vk; ‘kh”kZ ds
head Profit and Gains from rgr vk; ekuk tkrk gSA
Business & Profession d) O;olk; o is’kk ls ykHk o
vfHkykHk ‘kh”kZ ds rgr vk;
ekuk tkrk gS
80. As per section 166, Equalization Levy is /kkjk 166 ds vuqlkj ledj.k
deductible, if the aggregate amount of mxkgh dVkSrh;ksX; gS] ;fn iwoZ o”kZ
consideration for a specified service in a esa fof’k”V lsok ds fd, dqy ewY;
previous year exceeds: dk fu/kkZj.k ls vf/kd gksrk gSA
a) Rs. 50,000 a) :0 50]000@&
b) Rs. 75,000 b) :0 75]000@&
c) Rs. 1,00,000
c) :0 1]00]000@&
d) Rs. 2,50,000
d) :0 2]50]000@&

81. As per Section 153, the time limit for /kkjk 153 ds vuqlkj, /kkjk 143(3)
making assessment under section 143(3) is: ds rgr fu/kkZj.k djus ds fy,
a) Within 21 months from the end of
le;&lhek gS:
the assessment year in which the
a) ml fu/kkZj.k o”kZ dh lekfIRk]
income was first assessable. [For
assessment year 2017-18 or before] ftlesa vk; izFke ckj
b) Within 9 months from end of the fu/kkZ j.kh; gq b Z ls 21 ekg ds
assessment year in which income vanj ¼fu/kkZj.k o”kZ 2017&18
was first assessable. [Applicable for ds fy, ;k mlls iwoZ½
assessment year 2021-22 and b) fu/kkZj.k o”kZ dh lekfIr
onwards] ftlesa vk; izFke ckj
c) Both of the above fu/kkZj.kh; gqbZ ls 9 ekg ds
d) None of the above vanj ¼fu/kkZj.k o”kZ 2021&22
vkSj vkxs ds fy, ykxw½
c) mijksDr nksuksa
d) mijksDr esa ls dksbZ ughA
82. With respect to Time limit for issuance of vk;dj vf/kfu;e dh /kkjk 148
notice under section 148 of the Income-tax ds rgr uksfVl tkjh djus ds fy,
Act, which of the following is incorrect? le;&lhek ds lanHkZ esa]
 a) Where the Assessing Officer has in fuEufyf[kr esa ls dkSu&lk xyr
his possession books of account or gS?
other documents or evidence which a) tc fu/kkZj.k vf/kdkjh ds dCts
reveals that the income which has esa fLFkr ys[kk&cgh ;k vU;
escaped assessment amounts to or is
nLrkost ;k dksbZ lk{; tks
likely to amount to Rs. 50 lakhs or
more, then Notice can be issued
;g izdfVr djs fd fu/kkZj.k
beyond a period of 3 years but not ls NwV xbZ vk; ds 50
beyond the period of 7 years. yk[k :- ;k mlls vf/kd gksus
b) In general, No notice shall be issued dh laHkkouk gS] rks 3 o”kZ dh
if 3 years have elapsed from the end vof/k ds chrus Ikj Hkh uksfVl
of the relevant assessment year. tkjh dj ldrk gS ijarq 7
c) Both are correct o”kZ dh vof/k ds chrus ij
d) None are correct ughaA
b) lekU;r% ;fn laaca) fu/kkZj.k
o”kZ dh lekfIr ls rhu o”kZ
chr pqds gS rks uksfVl tkjh
ugha gksxhA
c) nksuks lgh gSaA
d) nksukas xyr gSA
83. With respect to section 149(1A), find out /kkjk 149(1A) ds lanHkZ esa lgh
the correct options: fodYi pqus%
a) It has been introduced by The a) ;g foRRk vf/kfu;e 2021
Finance Act, 2021. ds }kjk is’k fd;k x;kA
b) It has been introduced w.e.f.,
b) fu/kkZj.k o”kZ 2022&23 ls
Assessment Year 2022-23
c) It provides that if escaped income,
izHkkoh gksus ds fy, izLrqr
represented in the form of asset fd;k x;kA
only and is spread over more than 1 c) ;g mica/k djrk gS fd ;fn
year and the total escaped income in NqikbZ xbZ vk; dsoy vkfLr
all these years is Rs. 50 lakhs or ds :Ik esa iqu% izLrqr dh
more, then AO gets jurisdiction to xbZ gS vkSj ,d o”kZ ls
issue a notice under Section 148 for vf/kd dk le;&foLrkj vkSj
all those years. bu lHkh o”kksZa esa dqy NqikbZ
d) All of the above xbZ vk; :0 50 yk[k ;k
vf/kd jgh gS] rc fu/kkZj.k
vf/kdkjh mu lHkh o”kksZa ds
fy, /kkjk 148 ds rgr
uksfVl tkjh djus dk
vf/kdkj izkIr djrk gSA
d) mijksDr lHkhA
84. Notice under section 143(2) (i.e. notice of foRRkh; o”kZ dh lekfIRk ls ftlesa
scrutiny assessment) should be served fjVZu nkf[ky fd;k x;k gS] ____
within a period of _______from the end of
dh vof/k ds vanj /kkjk 143(2)
the financial year in which the return is
filed.
¼laoh{kk fu/kkZj.k ds fy, uksfVl½ ds
a) Three months rgr uksfVl tkjh fd;k tkuk
b) One year pkfg,A
c) Two years a) rhu ekg
d) Eighteen months b) ,d o”kZ
c) nks o”kZ
 d) 18 ekg
85. After serving proper notice under respective lacaf/kr /kkjkvksa ds rgr mfpr
sections, which of the following uksfVl tkjh djus ds mijkar]
assessments can be concluded without fuEufyf[kr esa ls fdl fu/kkZj.k
giving opportunity of being heard to izfdz;k ds rgr fu/kkZfjrh dks lquus
assessee? dk volj fn, fcuk fu/kkZj.k dks
a) Assessment u/s 143(3) iwjk fd;k tk ldrk gS]
b) Reassessment u/s 147
c) Assessment u/s 144 a) /kkjk 143(3) ds rgr fu/kkZj.k
d) Assessment u/s 153A in conformity b) /kkjk 147 ds rgr fu/kkZj.k
with directions issued u/s 144C(5) c) /kkjk 144 ds rgr fu/kkZj.k
d) /kkjk 144C(5) ds rgr
fn’kk&funsZ’kksa ds vuq:i esa
/kkjk 153A ds rgr fu/kkZj.k
86. What is time limit for completion of tc /kkjk 147 ds rgr dk;Zokgh
assessment, where reference is made to ds nkSjku iqu% fu/kkZj.k ds fy,
TPO during course of proceeding for TPO dks lanfHkZr fd;k x;k tgkWa
reassessment u/s 147, where notice is served 28-03-2021 dks uksfVl tkjh
on 28.03.21?
fd;k x;k gS rks fu/kkZj.k dks iw.kZ
a) 31.12.2023
b) 31.03.2023
djus dh le;&lhek D;k gS\
c) 30.09.2023 a) 31.12.2023
d) 31.12.2022 b) 31.03.2023
c) 30.09.2023
d) 31.12.2022
87. In case of a Hindu Undivided Family, where ,d fganw vfoHkkftr dqVqEc ds
the return of income cannot be signed by the ekeys esa tgkWa drkZ }kjk vk; dh
Karta, the same can be signed by: fooj.kh dks gLrk{kfjr ugha fd;k
a) The next senior-most male member. tk ldrkA bl fooj.kh fdlds
b) Karta's wife. }kjk gLrk{kfjr fd;k tk ldrk
c) Any male member of the family. gS&
d) Any adult member of the family.
a) vxyk ofj”Bre iq:”k lnL;
b) dÙkkZ dh iRuh
c) ifjokj dk dksbZ iq:”k lnL;
d) ifjokj dk dksbZ lnL;
88. If the transfer of a case is made under fdlh dk;Zokgh dh fo’ks”k voLFkk
Section 127 of Income Tax Act at a ij vk;dj vf/kfu;e dh /kkjk
particular stage of some proceeding, from 127 ds rgr ;fn ,d ekeys dks
one Assessing Officer to another, ,d fu/kkZj.k vf/kdkjh ls nwljs dks
then………… LFkkukarfjr fd;k tkrk gS rks ---------
a) The Assessing Officer shall -
mandatorily re-issue any notice
a) fu/kkZj.k vf/kdkjh ftlls
already issued by the Assessing
officer from whom the case is ekeys dks LFkkukarfjr fd;k
transferred. x;k gS] ds }kjk igys ls
b) The Assessing Officer is not tkjh dh xbZ fdlh uksfVl
required to re-issue any notice dks fu/kkZj.k vf/kdkjh
already issued by the Assessing vfuok;Z :Ik ls iqu% tkjh
Officer from whom the case is djsxk
transferred. b) fu/kkZj.k vf/kdkjh ftlls
c) Re-issue of notice shall be at the ekeys dks LFkkukarfjr fd;k
 discretion of the Assessing Officer. x;k gS] ds }kjk igys ls
d) The Assessing Officer shall tkjh fdlh uksfVl dks
mandatorily re-issue any notice fu/kkZj.k vf/kdkjh dks iqu%
within one month from the date on tkjh djus dh vko’;drk
which the case has been received ugha gSA
even if the notice was already c) uksfVl dks iqu% tkjh djuk
issued by the Assessing Officer
from whom the case is transferred.
fu/kkZj.k vf/kdkjh ds foosd
ij gksxk
d) ;fn fu/kkZj.k vf/kdkjh ftlls
ekeys ds LFkkukarfjr fd;k
x;k gS] ds }kjk igys gh
uksfVl tkjh fd;k rks Hkh
fu/kkZj.k vf/kdkjh ekeys dh
izkfIr dh frfFk ls ,d ekg
ds vanj vfuok;Z :Ik ls
uksfVl dks iqu% tkjh djsxkA
89. Which of the following is incorrect? fuEufyf[kr es ls dkSu lk dFku
a) An income tax authority authorized lgh ugha gS\
u/s 127 may transfer a case from a) /kkjk 127 ds rgr dksbZ
one Assessing Officer subordinate izkf/kd`r vk;dj izkf/kdkjh
to him to another Assessing Officer fdlh ekeys dks vius
subordinate to him after giving an v/khuLFk fdlh fu/kkZj.k
opportunity of being heard and after
recording reasons for such transfer
vf/kdkjh ls] ekeys dh
b) There is no requirement to grant lquokbZ ds ekSds vkSj
opportunity where the offices of the gLrka r j.k ds dkj.kks a dks
Assessing Officer from whom the fjdkMZ djus ds i'pkr vius
case is transferred out and the v/khUkLFk fdlh vU; fu/kkZj.k
Assessing Officer to whom the case vf/kdkjh dks gLrkarfjr dj
is transferred are situated in the ldrk gS
same city, locality or place b) ,sls ekeyksa esa tgka nksuksa
c) The transfer of a case u/s 127 may fu/kkZj.k vf/kdkjh] ftlls
be made at any stage of the ekeyk gLrkarfjr fd;k x;k
proceedings gS ,oa ftldks ekeyk
d) Upon transfer of a case u/s 127, it is gLrkarfjr gqvk gS nksuksa ds
mandatory for the Assessing Officer dk;kZy; ,d gh ‘kgj] {ks=
to whom the case is transferred to
re-issue all the notices already
;k LFkku ij gks rks ogka ,sls
issued by the Assessing Officer volj iznku djus dh
from whom the case is transferred, vko’;drk ugha gS
for conduct of valid proceedings c) /kkjk 127 ds varxZr ekeyksa
dk gLrkarj.k dk;Zokgh ds
fdlh Hkh Lrj ij fd;k tk
ldrk gS
d) /kkjk 127 ds varxZr ekeys
ds gLrkarj.k ds i'pkr ml
fu/kkZj.k vf/kdkjh dks ftldks
ekeyk gLrkarfjr gqvk gS
vko’;d gS fd og oS|
dk;Zokgh gsrq og mu lHkh
uksfVl dks iqu% tkjh djs
ftUgsa] ekeys dks gLrkarj.k
 djus okys fu/kkZj.k vf/kdkjh
us igys gh tkjh fd;k Fkk
90. For the purpose of Sec 132B, ‘existing /kkjk 132B ds iz;kstukFkZ ^orZeku
liability’ does not include: ns;rk* esa D;k ‘kkfey ugha gS:
a) Liability determined on completing
assessment u/s 153A a) /kkjk 153A ds varxZr
b) Advance tax payable fu/kkZj.k iwjk gksus ij
c) Liability determined on completing fu/kkZfjr dh xbZ ns;rk
assessment for the block period b) vfxze dj ns;rk
d) Liability under the Wealth Tax Act c) CykWd vof/k gsrq fu/kkZj.k iwjk
gksus ij fu/kkZfjr dh xbZ
ns;rk
d) /ku&dj vf/kfu;e ds varxZr
ns;rk
91. Under section 119 of the Income Tax Act vk;dj vf/kfu;e] 1961 dh /kkjk
1961, the Board may issue orders, 119 ds varxZr cksMZ vk;dj
instructions & directions to income tax vf/kfu;e ds leqfpr izca/ku ds
authorities for the proper administration of fy, vk;dj izkf/kdkfj;ksa dks
the Income Tax Act. However, under this vkns’k] vuqns’k ,oa fn’kkfunsZ’k tkjh
section, no direction shall be issued: dj ldrk gSA rFkkfi bl /kkjk ds
a) So as to require any income tax
authority to make a particular
varxZr dksbZ fn’kk&funsZ’k tkjh ugha
assessment or to dispose of a gksxk&
particular case in a particular a) fdlh vk;dj izkf/kdkjh ds
manner; or fy, ;g vko’;d gks tk,
b) So as to interfere with the discretion fd og fdlh fo’ks”k ekeys
of the Commissioner (Appeals) in dk fu/kkZj.k djs ;k fdlh
the exercise of his appellate ekeys dk fdlh fo’ks”k rjhds
functions. ls fuiVku djsa] ;k
c) None of the above b) fdlh vk;qDr ¼vihy½ dks
d) Both (a) and (b) mlds vihyh; dk;ksZa dks
djus ds foosdkf/kdkj esa
gLr{ksi ds laca/k esa
c) mijksDr esa ls dksbZ ugha
d) (a) vkSj (b) nksuksa
92. Saahil is an association of two individuals lkfgy] nks O;fDr;ksa] lkfgy vkSj
Sahil and Anil. The Association was formed vfuy dh laLFkk gSA ;g laLFkk
on 2nd April 2019 for the purpose of taking lk>snkjh esa 2 vizSy 2019 dks
up a foreign project likely to be completed fons’kh izkstsDV ysus ds mn~ns’; ls
within 15 months. They agreed to dissolve LFkkfir dh xbZ ftls 15 eghus ds
the association on 10th July, 2020. They Hkhrj iwjk gksuk FkkA os 10 tqykbZ
filed their return for Assessment year 2020-
21. The Assessing Officer demanded that
2020 dks laLFkk ds fo?kVu ij
they should also file the return for previous lger gq,A mUgksaus fu/kkZj.k o”kZ
year 2020-21. Choose the correct option: 2020&21 ds fy, vk;dj
a) The income for the period fooj.kh nkf[ky dhA fu/kkZj.k
02.04.2019 to 31.03.2020 should be vf/kdkjh us ekax dh fd mUgsa
filed for regular assessment and iwoZorhZ o”kZ 2020&21 ds fy, Hkh
from 01.04.2020 to 10.07.2020 fooj.k nkf[ky djuk pkfg,A lgh
shall be filed separately in the A.Y. fodYi dk p;u djsaA
2020-21 itself a) 02-04-2019 ls 31-03-
b) The income for 15 month should be 2020 dh vof/k dh vk;
clubbed and single return should be fu;fer fu/kkZj.k ds fy,
 filed. nkf[ky djuh pkfg;s vkSj
c) The income for the previous year 01-04-2020 ls 10-07-
2019-20 shall be taxed as per the 2020 dh vk; vyx ls
rates applicable for the A.Y. 2020- fu/kkZj.k o”kZ 2020&21 ds
21 and the income for 01.04.2020 to fy, Lo;a dks nkf[ky djuh
10.07.2020 shall be taxed as per pkfg,
part III of the first schedule to
b) 15 eghus dh vk; dks
Finance Act, 2020
d) Both (a) and (c) feykdj ,d gh fooj.kh
nkf[ky djuh pkfg,
c) fiNys o”kZ 2019&20 dh
vk; ij fu/kkZj.k o”kZ
2020&21 esa iz;ksT; nj ds
vuqlkj dj yxuk pkfg,
,oa 1-04-2020 ls 10-
07-2020 dh vk; ij
forh; vf/kfu;e dh igyh
vuqlwph ds rhljs Hkkx ds
vuqlkj dj yxuk pkfg,
d) (a) ,oa (c) nksuksa
93. Under section 132(4A) of the Income Tax vk;dj vf/kfu;e] 1961 dh /kkjk
Act, 1961, where any books of account, 132(4A) ds varxZRk ryk’kh ds nkSjku
other documents, money, bullion, jewellery fdlh O;fDr ds dCts ;k fu;a=.k
or other valuable article or thing, is/are eas ys[kk cgh] vU; nLrkost /ku
found in the possession or control of any
lksuk pkanh] vkHkw”k.k ;k vU;
person in the course of a search, it may be
presumed –
dherh oLrq,a ikbZ tkrh gSa] rks ;g
a) That such books of account, other ekuk tk ldrk gS fd &
documents, money, bullion, a) os ys[kk cfg;ka] vU;
jewellery or other valuable article nLrkost] lksuk pkanh] vkHkw”k.k
or thing belongs to such person ;k vU; dherh OkLrq,a mlh
b) That the contents of such books of O;fDr dh gSa
account and other documents are b) mu ys[kk cfg;ksa ,oa vU;
true nLrkostksa dh fo”k; oLrq
c) That the signature and every other lR; gS
part of such books of account and c) gLrk{kj ,oa ,slh ys[kk
other documents which purport to cfg;ksa ds lHkh vU; Hkkx
be in the handwriting of any rFkk vU; nLrkost tks fdlh
particular person or which may
reasonable be assumed to have been
O;fDr fo’ks”k dh fy[kkoV es
signed by, or to be in the gksuk ekuk tk; ;k fdlh
handwriting of, any particular O;fDr fo’ks”k }kjk gLrk{kfjr
person, are in that person’s gksus ;k mldh fy[kkoV gksus
handwriting and in the case of a dk rkfdZd vuqeku fd;k tk
document stamped, executed or ldrk gS] os mlh O;fDr
attested, that it was duly stamped fo’ks”k dh fy[kkoV gSa ,oa
and executed or attested by the eqgjcan fdz;kafor lR;kfir
person by whom it purports to have nLrkost ds ekeys esa ;g
been so executed or attested. ml O;fDr }kjk fof/kor
d) All of the above eqgjcan fdz;kafor lR;kfir
gSa] ftlds }kjk ;g fdz;kafor
gksus dk fufgrkFkZ j[krk gSA
d) mijksDr lHkh
94. Under section 144B, a case is assigned to an /kkjk 144B ds v/khu] dksbZ ekeyk
assessment unit. For conducting an enquiry fu/kkZj.k ;wfuV dks fn;k tkrk gSA
with respect to the assessment proceedings, fu/kkZj.k dk;Zokfg;ksa ds laca/k esa
the assessment unit may make a request to: tkap djus ds iz;kstu ls fu/kkZj.k
;wfuV fuosnu dj ldrk gS%
a) The jurisdictional Assessing Officer
a) vkf/kdkfjd fu/kkZj.k vf/kdkjh
b) The National Faceless Assessment
Centre b) jk”Vªh; igpku foghu fu/kkZj.k
c) The Verification unit dsUnz
d) The Technical unit c) lR;kiu ;wfuV
d) rduhdh ;wfuV
95. XYP is a political party. It has to file its XYP ,d jktuhfrd ny gSA
R.O.I for A.Y. 2021-22. The R.O.I. has to fu/kkZj.k o”kZ 2021-22 ds fy, bls
be verified u/s 140 of the Act by:
vk;dj fooj.kh nkf[ky djuh gSA
a) President of XYP
b) Treasure of XYP
vk;dj vf/kfu;e ds /kkjk 140
c) General Secretary of the party XYP ds varxZr vk;dj fooj.kh dks
d) The Chief Executive Officer of the fdlds }kjk lR;kfir dh tkuh
party XYP gksrh gS&
a) XYP ds v/;{k
b) XYP ds dks”kk/;{k
c) XYP ny ds egklfpo
d) XYP ny ds eq[;
dk;Zikyd vf/kdkjh
96. What is the time limit for Dispute vk;dj vf/kfu;e 1961 dh /kkjk
Resolution Panel to issue direction under 144C dh mi/kkjk 5 ds varxZr
sub-section 5 of section 144C of the Income fookn fuokj.k iSuy }kjk
tax Act 1961? fn’kk&funsZ’k tkjh djus dh le;
a) Nine months from the end of the
lhek D;k gS\
month in which the draft order is
a) ekg dh lekfIr] ftlesa
forwarded to the eligible assessee
b) Nine months from the end of the elkSnk vkns’k ;ksX; fu/kkZfjrh
assessment year dks vxzsf”kr fd;k tkrk gS]
c) Nine months from the end of the ls ukS ekg
month in which the assessee filed b) fu/kkZj.k o”kZ dh lekfIr ls
objection ukS ekg
d) Nine months from the end of the c) ekg dh lekfIr] ftlesa
month in which the report of the fu/kkZfjrh us vkifÙk nk;j
Transfer Pricing Officer is received fd;k gS( ls ukS ekg
d) ekg dh lekfIr] ftlesa
ewY;karj.k vf/kdkjh dks fjiksVZ
izkIr gksrh gS] ls ukS ekg
97. With effect from Finance Act 2021, as per foÙkh; vf/kfu;e 2021 ds ykxw
Section 151 of the Income tax Act 1961, the gksus ij] vk;dj vf/kfu;e 1961
specified authority for issuance of notice for dh /kkjk 151 ds vuqlkj] fdlh
the purpose of section 148 / 148A of the ekeys esa] lac) fu/kkZj.k o”kZ dh
Income tax Act 1961 in a case where three lekfIr ls rhu o”kZ ;k rhu o”kZ ls
years or less than three years have elapsed de dh vof/k xqtj x;h gS]
from the end of the relevant assessment
year:
vk;dj vf/kfu;e 1961 dh /kkjk
a) Principal Chief Commissioner of 148 / 148A ds iz;kstukFkZ uksfVl
Income tax/Principal Director tkjh djus ds fy, fofufnZ”V
General of Income tax/Chief izkf/kdkjh gS\
 Commissioner of Income a) iz/kku eq[; vk;dj
tax/Director General of Income tax vk;qDr@iz/kku vk;dj
b) Additional Commissioner of egkfuns’kd @eq[; vk;dj
Income tax/ Joint Commissioner of vk;qDr @vk;dj egkfuns’kd
Income tax/ b) vij vk;dj vk;qDr@la;qDr
c) Principal Commissioner of Income vk;dj vk;qDr
tax/Principal Director of Income
c) iz/kku vk;dj vk;qDr@iz/kku
tax/Commissioner of Income
tax/Director of Income tax vk;dj funs’kd@vk;dj
d) No approval is required. vk;qDr@vk;dj funs’kd
d) dksbZ vuqeksnu visf{kr ugha
gS
98. Sanction of specified authority is required fuEufyf[kr ds iz;kstukFkZ fofufnZ”V
for the following: izkf/kdkjh dh eatwjh dh vko’;drk
a) Conducting any enquiry under gksrh gS%
section 148A of the Income tax Act a) vk;dj vf/kfu;e dh /kkjk
before issuing notice under section 148 ds varxZr uksfVl tkjh
148 of the Income tax Act djus ls iwoZ vk;dj
b) Providing opportunity of hearing to
the assessee under section 148A of vf/kfu;e dh /kkjk 148A ds
the Income tax Act 1961 by issuing varxZZr dksbZ tkap djus ds
show-cause fy,
c) Passing final order under section b) vk;dj vf/kfu;e 1961
148A(d) of the Income tax Act dh /kkjk 148A ds varxZZr
d) All of the above. dkj.k crkvks tkjh djds
fdlh fu/kkZfjrh dks lquokbZ
ds volj iznku djus ds
fy,
c) vk;dj vf/kfu;e dh /kkjk
148A(d) ds varxZZr vafre
vkns’k ikfjr djus ds fy,
d) mijksDr lHkh
99. Which of the following will not be treated vk;dj vf/kfu;e dh /kkjk 171(9)
as a 'Partition' of a HUF as per explanation ds vuqlkj] fuEufyf[kr esa ls
to section 171(9) of the Income tax Act fdls fgUnw vfoHkkftr dqVqaCk ds
where the property admits of a physical ^foHkktu* ds :Ik esa ugha ekuk
division:
tk,xk tgka laifr esa HkkSfrd
a) A physical division of the property
b) A physical division of the income
foHkktu dh xqatkb’k gksrh gS%
without a physical division of the a) laifr dk foHkktu
property producing the income b) vk; nsus okys laifr ds
c) Both (a) & (b) foHkktu ds fcuk vk; dk
d) None of (a) & (b) HkkSfrd foHkktu
c) nksuksa (a) vkSj (b)
d) (a) vkSj (b) esa ls dksbZ ugha

100. The interest received on compensation or vk;dj vf/kfu;e dh /kkjk

enhanced compensation by way of 145B(1), ftls 56(2)(viii) ds lkFk
compulsory acquisition of land by any Law i<k tk,] ds v/khu fdlh Hkh
is taxable under section 145B(1) read with dkuwu }kjk vfuok;Z Hkwfe ds vtZu
section 56(2)(viii) of Income tax Act 1961
ls izfrdj vFkok c<k gqvk izfrdj
in the:
a) Year of acquisition
ls izkIr C;kt fdl o”kZ esa djk/ks;
b) Year of the order of the Competent gksxk%
 Authority a) vtZu o”kZ
c) Year of receipt of compensation/ b) l{ke izkf/kdkjh ds vkns’k ij
enhanced compensation c) izfrdj@c<k gqvk dj dh
d) None of the above izkfIr o”kZ
d) mi;qZDr esa ls dksbZ ugha
101. Which of the following is incorrect? fuEufyf[kr esa ls dkSu lgh ugha
a) As per section 234F, a fee shall be gS\
levied where the return of income is a) /kkjk 234F ds vuqlkj] /kkjk
not filed within the due dates
prescribed under section 139(1).
139(1) ds varxZr of.kZr ns;
b) Fee for default in furnishing return frfFk ds Hkhrj vk;dj
of income shall be Rs. 2,000 if the fooj.kh nkf[ky ugha fd,
total income of an assessee does not tkus dh fLFkfr esa ‘kqYd
exceed Rs. 5 lakh. yxk;k tk,xk
c) Fee for default in furnishing return b) ;fn fdlh fu/kkZfjrh dh dqy
of income shall be Rs. 5,000 if vk; 5 yk[k :- ls vf/kd
return has been furnished after the ugha gksrh gS rks vk;dj
due date prescribed under section fooj.kh izLrqr djus esa pwd
139(1) ds fy, 2]000@& :- dk
d) None of the above ‘kqYd yxk;k tk,xk
c) /kkjk 139(1) ds varxZr of.kZr
ns; frfFk ds Ik’pkr ;fn
fooj.kh izLrqr dh xbZ gS rks
vk;dj fooj.kh izLrqr djus
esa pwd ds fy, 5]000@&
:- dk ‘kqYd yxk;k tk,xk
d) mi;qZDRk esa ls dksbZ ugha

102. An assessee has opted for presumptive fu/kkZj.k o”kZ 2022&23 ds fy,
taxation u/s 44AD for A.Y. 2022-23. He is dksbZ fu/kkZfjrh /kkjk 44AD ds
liable to pay advance tax: varxZRk vuqekfur djk/kku dk
a) On or before 15th March of the p;u fd;k gS rks og vfxze
previous year in 1 instalment only.
Hkqxrku dj ds fy, mRrjnk;h
b) In 2 instalments
c) In 4 instalments
gksxk%
d) Not liable to pay advance tax. a) fiNys o”kZ 15 ekpZ ;k
mlls igys dsoy 1 fdLr
esa
b) 2 fdLrksa esa
c) 4 fdLrksa esa
d) vfxze dj ds Hkqxrku
mRrjnk;h ugha gS

103. The rate of TDS on E-commerce /kkjk 194-O ds varxZr bZ&dkWelZ

Transactions u/s 194-O is applicable from: VªkatsDlu ij TDS dh nj ykxw gS%
a) 1st day of October, 2021
a) vDVwcj] 2021 ds igys
b) 1st day of October, 2020
st
c) 1 day of April, 2020
fnu ls
d) 1st day of April, 2021 b) vDVwcj] 2020 ds igys
fnu ls
c) vizSy] 2020 ds igys fnu
ls
 d) vizSy] 2021 ds igys fnu
ls
104. Which of the following statement is /kkjk 220 ds fo”k; esa fuEufyf[kr
incorrect as regards Section 220? esa ls dkSu&lk dFku lgh ugha gS\
a) A Company in liquidation cannot a) vk;dj vf/kfu;e] 1961
be deemed to be an assessee in dh /kkjk 200 ds mn~ns’; ds
default on the same footing as any
fy,] ifjlekiu esa dksbZ
other assessee for the purpose of
Sec 200 of Income Tax Act, 1961.
daiuh fdlh vU; fu/kkZjrh
b) Since, the company is under the dh gh rjg leku vk/kkj
control of a Liquidator, who acts as Ikj] pwd gksus ij ,d
such, in accordance to the fu/kkZjrh ds :Ik esa ekuh
Companies Act, he cannot be ugha tk;sxhA
equated to a defaulter. b) pawfd daiuh ,d ifjlekid
c) The company in liquidation attracts ds fu;a=.k esa gS vkSj daiuh
the liability to pay the interest u/s vf/kfu;e ds vuqlkj dk;Z
220 or penalty u/s 221 djrh gS rks mls ,d
d) All the statements are incorrect cdk;knkj ds leku ugha
ekuk tk ldrkA
c) ifjlekiu izfdz;k esa dksbZ
daiuh /kkjk 220 ds rgr
C;kt Hkqxrku ;k /kkjk 221
ds rgr ‘kkfLr ns;rk ds
fy, ftEEksnkj gSA
d) lHkh dFku xyr gSA
105. PQR Ltd is a company which already PQR fyfeVsM ,d daiuh gS ftlds
possesses a TAN and uses the same for the ikl igys ls gh TAN gS vkSj
purpose of TDS. Now PQR Ltd wants to
bldk iz;ksx og VhMh,l ds
sell some scrap of its business. Whether
PQR Ltd is required to apply for a separate
mn~ns’; ds fy, djrh gSA vc
TAN for the purpose of TCS? PQR fyfeVsM vius O;olk; dh
a) No, because TAN allotted for TDS dqN jn~nh eky cspuk pkgrh gSA
can be used for TCS also D;k PQR fyfeVsM dks TCS gsrq
b) Yes, because Tax deduction TAN ds fy, vyx ls vkosnu
account number and Tax Collection djus dh vko’;drk gS\
Account Numbers are different a) ugha] D;ksafd VhMh,l ds fy,
account numbers.
c) No, because there is no requirement vkoafVr fd;k x;k TAN
of TAN for the purpose of TCS VhMh,l ds fy, Hkh iz;ksx fd;k
d) No, because in case of TCS, PAN tk ldrk gSA
can be quotes in place of TAN. b) gkWa] D;ksafd dj dVkSrh [kkrk
la[;k vkSj dj laxzg [kkrk
la[;k fHkUUk [kkrk la[;k,Wa gksrh
gSA
c) ugha] D;ksafd VhMh,l ds fy,
TAN dh vko’;drk ugha gSA
d) ugha] D;ksafd VhMh,l ds ekeys
esa] PAN dk TAN dh txg
ij m)j.k fd;k tk ldrk gSSA
106. While calculating advance tax liability for fu/kkZj.k o”kZ 2022&23 ds ABC
ABC Ltd for AY 2022-23, which is fyfeVsM dh vfxze dj ns;rk dh
immaterial?
 a) Turnover of the PY 2018-19 x.kuk djrs le;] fuEu esa ls
b) Losses declared in return, if any in D;k egRoghu gS\
the preceding PY 2020-21 a) fiNys o”kZ 2018&19 dk dqy
c) Dividend received in the PY 2021- VuZ vksoj
22 b) fooj.kh esa ?kksf”kr dh xbZ
d) Deduction under Chapter VI-A for gkfu;kWa] ;fn iwoZorh fiNys o”kZ
the current year
2020&21 esa dksbZ gS rks
c) fiNys o”kZ 2021&22 esa izkIRk
ykHkka’kA
d) pkyw o”kZ ds fy, v/;k; VI-A
ds rgr dVkSrh
107. For making an application u/s 245N(a), the /kkjk 245N(a), ds rgr vkosnu djus
applicant has to be: ds fy,] vkosnudrkZ dks gksuk
a) Non-Resident pkfg,A
b) Resident a) vfuoklh
c) A Resident falling within such class
b) fuoklh
or category of persons as notified
c) dsanzh; ljdkj }kjk vf/klwfpr
by Central Govt
d) Either a Resident or a Non-resident ,sls O;fDr;ksa ds oxZ ;k Js.kh
esa vkus okyk ,d fuoklh
d) ;k rks ,d fuoklh ;k vfuoklh
108. Air India Ltd. paid Rs. 30 lakhs on ,;j bafM;k fyfeVsM us 01-04-
01.04.2020 to Airports Authority of India 2020 dks Hkkjrh; foekuiru
towards landing and parking charges. izkf/kdj.k dks ySfM+ax vkSj ikfdZx
Which of the following statements are izHkkj ds ,ot esa 30 yk[k :0
correct? dk Hkqxrku fd;kA fuEufyf[kr esa
a) No tax is deductible at source ls dkSu lk dFku lgh gS\
b) Tax is deductible at source @ 2%
a) L=ksr ij dksbZ dj dVkSrh ugha
u/s 194C
c) Tax is deductible at source @ 1% gksxh
u/s 194C b) /kkjk 194C ds rgr L=ksr ij
d) Tax is deductible at source @10% 2% dh nj ls dj dh dVkSrh
u/s 194I gksxh
c) /kkjk 194C ds rgr L=ksr ij
1% dh nj ls dj dh dVkSrh
gksxh
d) /kkjk 194I ds rgr L=ksr ij
10% dh nj ls dj dh dVkSrh
gksxh
109. Which of the following is incorrect: fuEufyf[kr esa ls dkSu&lk lgh
a) Any proceeding under Income Tax ugh gS&
Act before an income-tax authority a) vk;dj izkf/kdkjh ds le{k]
is deemed to be a judicial vk;dj vf/kfu;e ds rgr]
proceeding within the meaning of fdlh dk;Zokgh dks] Hkkjrh; naM+
section 193, 228 and 196 of Indian lafgrk] 1860 dh /kkjk 193]
Penal Code 1860.
b) Every income tax authority shall be
228 rFkk 196 ds vFkZ ds
deemed to be a Civil Court for :Ik esa U;kf;d dk;Zokgh ekuk
purpose of Section 195 of Indian tk;sxkA
Penal Code1860. b) Hkkjrh; naM+ lafgrk] 1860 dh
c) Every income tax authority shall be /kkjk 195 ds mn~ns’; gsrq
deemed to be a Civil Court for izR;sd vk;dj izkf/kdkjh dks
 purpose of Chapter XXVI of Code ,d flfoy dksVZ ekuk tk;sxkA
of Criminal Procedure. c) naM+ izfdz;k lafgrk ds v/;k;
d) (a) and (b) above, as mandated by XXVI ds mn~ns’; ds fy,
section 136 of Income tax Act 1961 izR;sd vk;dj izkf/kdkjh dks
flfoy dksVZ ekuk tk;sxkA
d) vk;dj vf/kfu;e] 1961 dh
/kkjk 136 ds vf/kns’kk/khu]
mijksDr (a) vkSj (b)
110. Once a certificate is drawn up by the Tax tc dj olwyh vf/kdkjh }kjk /kkjk
Recovery Officer u/s 222 on any ground 222 ds rgr] fdlh fu/kkZjrh ds
whatsoever is respect of any assessee, laca/k esa] fdlh Hkh vk/kkj ij
a) It shall not be open to the assessee lfVZfQdsV tkjh dj fn;k tkrk gS
to dispute the correctness of any rks]
certificate drawn up by the Tax a) dj olwyh vf/kdkjh }kjk tkjh
Recovery Officer on any ground fd;s x;s fdlh Hkh izek.ki=
whatsoever dh ifj’kq)rk ij fookn ds fy,
b) Assessee can dispute the fu/kkZjrh dks Ckrk;k ugha tk,xk]
correctness of such certificate on pkgs dksbZ Hkh dkj.k gksA
technical grounds
b) fu/kkZjrh rduhdh dkj.kksa dk
c) The Tax Recovery Officer cannot
cancel the certificate if, for any gokyk nsrs gq, ,sls lfVZfQdsV
reason, he thinks it necessary to do dh ifj’kq)rk ij fookn dj
so, or to correct any clerical mistake ldrk gSA
therein. c) dj olwyh vf/kdkjh lfVZfQdsV
d) None of the above dks jn~n ugha dj ldrk ;fn]
fdlh Hkh otg ls mls ,slk
djuk ;k mlesa fufgr fdlh
fyfidh; v’kqf) dks lgh djuk
t:jh le>rk gSA
d) mijksDr esa ls dksbZ ugha
111. Which
of the following statement is fuEufyf[kr esa ls dkSu&lk dFku
WRONG? xyr gS\
a) Interest u/s 234A is liveable if a a) vk;dj vf/kfu;e] 1961 dh
Return of Income is not filed in /kkjk 142(1) ds uksfVl ds tokc
response to notice u/s 142(1) of the
esa ;fn ,d vk;dj fooj.kh dks
Income Tax Act 1961
b) Where a person is required to
nkf[ky ugha fd;k x;k gS rks
furnish a return of income under /kkjk 234A ds varxZr C;kt
section 139, fails to do so within curk gSA
the time prescribed, he shall pay, b) tgkWa ij ,d O;fDr dks /kkjk
by way of a fee, a sum of five 139 ds rgr vk;dj fooj.kh
thousand rupees. nkf[ky djuk visf{kr gks] og
c) For withholding of refund in fofgr le; esa ,slk djus esa
certain cases u/s 241A by the vlQy jgrk gS] rks Qhl ds
Assessing Officer, previous :Ik esa mls ikWap gtkj :0
approval of the Principal jkf’k dk Hkqxrku djuk iM+sxkA
Commissioner of Income tax is
required c) dfri; ekeyks esa /kkjk 241A
d) In an appeal against an order of ds rgr fu/kkZj.k vf/kdkjh }kjk
assessment u/s 251 of the Income jksds x;s fjQaM ds fy,] iz/kku
Tax Act 1961, the CIT(A) has also vk;dj vk;qDr dk iwoZ
power to set aside the assessment vuqeksnu t:jh gksxkA
d) vk;dj vf/kfu;e] 1961 dh
 /kkjk 251 ds rgr fu/kkZj.k
vkns’k ds f[kykQ fdlh vihy
esa] vk;dj vk;qDr ¼vihy½ dk
fu/kkZj.k dks jn~n djus dk
vf/kdkj gSA
112. For Pr. Commissioner or Commissioner to fdlh fu/kkZjrh }kjk ekWax ds
waive interest under section 220 for delayed Hkqxrku esa nsjh gksus ij iz/kku
payment of demand by an assessee, the vk;qDr vFkok vk;qDr ds fy, /kkjk
various conditions are enumerated. The 220 ds rgr C;kt NksM+us ds fy,
conditions for satisfaction of the Pr. fofHkUUk ‘krsZa nh xbZ gSaA iz/kku
Commissioner / Commissioner: vk;qDr ;k vk;qDr }kjk lek/ku
(i) An application has been made by
the assessee for such waiver and has
ds fy, ‘krsZa gSaA
co-operated in departmental (i) fu/kkZjrh ds }kjk ,sslh NwV ds
proceedings. laaca/k esa ,d vkosnu fd;k
(ii) Payment of such amount has caused x;k gks vkSj foHkkxh;
or would cause genuine hardship to dk;Zokfg;kas esa lg;ksx fn;k
the assessee. gksA
(iii) Default in the payment of the (ii) ,slh jkf’k ds Hkqxrku ds
demand was due to circumstances dkj.k fu/kkZjrh dks okLro esa
beyond the control of the assessee. dfBukbZ gks ;k dfBukbZ
After going through these conditions, select
gksxhA
the correct option:
a) Satisfaction of condition at (i) is (iii) ekaWx ds Hkqxrku esa
sufficient for waiver of interest. gqbZ pwd ,slh ifjfLFkfr;kas ds
b) Satisfaction of conditions at (i) & dkj.k gqbZ tks fu/kkZjrh ds
(ii) are sufficient for waiver of fu;a=.k ls ckgj FkhA
interest. bu ifjfLFkfr;ksa dks i<+us ds ckn
c) Satisfaction of condition at (iii) is lgh fodYi dk p;u djs%
sufficient for waiver of interest. a) C;kt NksM+us ds fy, (i) ij
d) Satisfaction of all the above nh xbZ ifjfLFkfr dh larqf”V
conditions are must for waiver of
gh Ik;kZIr gSA
interest.
b) C;kt NksM+us ds fy, (i) vkSj
(ii) ij nh xbZ ifjfLFkfr;ksa
dh larqf”V gh Ik;kZIRk gSA
c) C;kt NksM+us ds fy, (iii) ij
nh xbZ ifjfLFkfr dh larqf”V
gh Ik;kZIr gSA
d) C;kt NksM+us ds fy, mijksDr
lHkh ifjfLFkfr;ksa dh larqf”V
vfuok;Z gSA
113. Individuals/HUF can submit Form 15H or O;fDr@fgUnw vfoHkDr dqVqEc CkSad
Form 15G to the bank and ask them to not dks QkeZ 15H ;k QkeZ 15G ij
deduct TDS on the amount of interest.
TDS dVkSrh ugh djus ds fy,
These Forms help claim receipts without
any tax deduction. Mark the incorrect
vuqjks/k dj ldrk gSA ;s QkeZ
statement about these Forms. fcuk fdlh dj dVkSrh ds izkfIr;ksa
a) Form 15H can only be submitted by ds nkos esa lgk;rk djrs gSA bu
individuals who have attained the QkeksZa ds fo”k; esa xyr dFku dks
age of 60 years at the time of fpfUgr dhft,%&
submission. a) ml O;fDr }kjk QkeZ 15H
b) For filing Form 15H all individual izLrqr fd;k tk ldrk gS
 assessees above 60 years of age are ftlus izLrqfr ds le; 60
eligible irrespective his/her o”kZ dh vk;q iwjh dj yh
estimated income during the year. gks
c) Form 15G can be submitted by b) QkeZ 15H Hkjus ds fy;s 60
individuals below the age of 60
o”kZ ls vf/kd vk;q ds
years or by a Hindu Undivided
Family (HUF).
fu/kkZfjrh bl ds ik= gS]
d) Form 15H can be file by an Hkys gh o”kZ ds nkSjku mudh
Individual assessee or HUF only if vkdfyr vk; dqN Hkh gks
the total interest income is less than c) 60 o”kZ dh vk;q ls de
the minimum exemption amount for ds O;f”V }kjk vFkok ,d
that year. fgUnw vfOkHkkftr dqVqEc }kjk
QkeZ 15G nkf[ky fd;k tk
ldrk gS
d) ;fn C;kt ls vk; ml o”kZ
ds fy, U;wure NwV dh
vk; ls de gS rks ,d
O;f”V ;k vfoHkDr fgUnw
dqVqEc fu/kkZfjrh }kjk QkeZ
15H nkf[ky fd;k tk ldrk
gS
114. Liability for payment of advance tax u/s 207 fuEufyf[kr esa ls fdl O;fDr oxZ
of the Income Tax Act 1961 is not ds fy, vk;dj vf/kfu;e 1961
applicable to which of the following class of dh /kkjk 207 ds rgr vfxze dj
person? ds Hkqxrku dh ns;rk ykxw ugha
a) A renowned sports person gS\
representing India in any discipline
of sports
a) [ksy ds fdlh Hkh {ks= esa
b) An individual resident in India, Hkkjr dk izfrfuf/kRo djus
does not have any income okys ,d izfl) f[kykM+h
chargeable under the head "Profits b) Hkkjr fuoklh dksbZ O;f”V
and gains of business or ftlds ikl ^^O;olk; ;k
profession"; and is of the age of o`fr ds ykHk vkSj
sixty years or more at any time vfHkykHk** ‘kh”kZ ds rgr
during the previous year. izHkk;Z dksbZ vk; ugha gS(
c) A female individual resident in vkSj foxr o”kZ ds nkSjku
India part of her taxes gets deducted fdlh Hkh le; 60 o”kZ ;k
at source
vf/kd dh vk;q gks
d) All of the above
c) ,d Hkkjrh; fuoklh efgyk
ftlds dj dk Hkkx lzksr
ij dkVk x;k
d) mijksDr lHkh
115. On and from the 1st day of February, 2021, ^^le>kSrk vk;ksx** dks 1 Qjojh
the "Settlement Commission” is known as: 2021 ij vkSj ls tkuk tkrk gS&
a) Interim Board of Advance Rulings a) vfxze fofu.kZ; varfje cksMZ+
b) Interim Board for Settlement
c) Settlement Board of India
b) varfje le>kSrk cksMZ+
d) None of the above c) Hkkjrh; le>kSrk cksMZ+
d) mijksDr esa ls dksbZ ugha
116. Which of the following orders are not fuEufyf[kr esa ls dkSu lk vkns’k
appealable before Commissioner (Appeals)? vk;qDr ¼vihy½ ds le{k vihy ds
a) An order of penalty u/s 271B for ;ksX; ugha gS&
 failure to get accounts audited. a) [kkrksa dh ys[kkijh{kk djokus
b) An order made u/s 163 treating the esa vlQy gksus ij /kkjk
assessee as an agent of a non-
271B ds rgr ‘kkfLr vkns’k
resident
c) An order of assessment passed by b) fu/kkZfjrh dks ,d vfuoklh
the assessing officer in pursuance of dk ,tsaV ekurs gq, /kkjk
directions of Dispute Resolution 163 ds rgr tkjh vkns’k
Panel c) fookn lek/kku iSuy dh
d) An order made u/s 201 deeming a funsZ’kksa ds vuqlj.k esa
person to be an assessee in default fu/kkZj.k vf/kdkjh }kjk
for non-deduction of tax at source ikfjr fd;k x;k fu/kkZj.k
vkns’k
d) lzksr ij dj dh dVkSrh
ugha gksus ls ,d O;fDr ds
O;frdze djus okys
fu/kkZfjrh ekurs gq, /kkjk
201 ds rgr vkns’k ikfjr
djuk
117. As per Sec 9A, an eligible off-shore /kkjk 9A ds vuqlkj fofufnZ”V ‘krksZa
investment fund shall furnish within 90 days dks iwjk djus ls lacaf/kr lekfo”V
from the end of the financial year, a lwpukvksa dk fdlh ik= virVh;
statement containing information relating to fuos’k QaM dks forh; o”kZ dh
fulfilment of specified conditions and such
lekfIr ls 90 fnuksa ds Hkhrj
other information or documents as may be
prescribed. What would be the amount of
izLrqr djuk gksxkA ;fn fuos’k QaM
Penalty to be levied, if investment fund /kkjk 271FAB ds vuqlkj vis{kkvksa
failed to comply with the requirements as dks iwjk djus esa vlQy gksrk gS
per section 271FAB? rks mxkgh ds fy, ‘kkfLr dh jkf’k
a) Rs. 1,00,000 gksxh%&
b) Rs. 500 per day a) 1]00]000@& :-
c) Rs. 5,00,000 b) 500@& :- izfrfnu
d) Rs. 10,00,000
c) 5]00]000@& :-
d) 10]00]000@& :-
118. Who can file memorandum of cross vk;dj vihyh; izkf/kdj.k ds
objections before the ITAT: le{k izfr vkifRr dk Kkiu dkSu
a) Assessee nkf[ky dj ldrk gS
b) Assessing Officer a) fu/kkZfjrh
c) Both
d) None b) fu/kkZj.k vf/kdkjh
c) nksuksa
d) dksbZ ugha
119. XYZ Ltd has failed to report an XYZ fyfeVsM }kjk PQR Inc. tks
International Transaction entered by it with XYZ fyfeVsM ds laca/k esa ,d
PQR Inc. which is a specified foreign
fofufnZ”V fons’kh daiuh gS] ds lkFk
company in relation to XYZ Ltd. What
would be the penalty leviable in this case?
fd, x, ,d varjkZ”Vªh; laO;ogkj
(1) 2% of the value of transaction
lwpuk nssus esa vlQy gskrk gSA bl
(2) 50% of tax payable on under- ekeysa esa mxkgh ‘kkfLr fdruh
reported income gksxh\
(3) 200% of tax payable on under- 1) laO;ogkj ds ewY; dk 2%
reported income 2) de fjiksVZ dh xbZ vk; ij
Choose the correct option: ns; dj dk 50%
 a) Only (1) 3) de fjiksVZ dh xbZ vk; ij
b) Only (2) ns; dj dk 200%
c) (1) & (2) lgh fodYi dk p;u djsa%&
d) (1) & (3)
a) dsoy ¼1½
b) dsoy ¼2½
c) ¼1½ vkSj ¼2½
d) ¼1½ vkSj ¼3½
120. As per section 271H, where a person fails to /kkjk 271H ds vuqlkj tc ,d
file the statement of tax deducted/collected O;fDr lzksr ij dj dVkSrh @ laxzg
at source i.e. TDS/TCS return on or before dk fooj.k bl laca/k esa fu/kkZfjr
the due dates prescribed in this regard, then ns; frfFk dks vFkok igys nkf[ky
he shall be liable to pay penalty under
djus es vlQy gksrk gS rks /kkjk
section 271H. Maximum penalty that can be
levied is ______. 271H ds v/khu og ‘kkfLr dk
a) 1,00,000, but not exceeding the Hkqxrku djus ds fy;s mRrjnk;h
amount of TDS/TCS. gksxkA vf/kd ‘kkfLr D;k gksxh&
b) 2,00,000 a) 1]00]000 fdUrq TDS/TCS
c) 3,00,000 jkf’k ls vf/kd ugha
d) 4,00,000 b) 2]00]000
c) 3]00]000
d) 4]00]000
121. Section 285BA deals with Statement of /kkjk 285BA foRRkh; laO;ogkj ds
Financial Transaction or Reportable fooj.k ;k fjiksVZ;ksX; [kkrs ls
Account. Find out the correct match: lacaf/kr gSA lgh feyku dk p;u
S. Nature and value of Reporting djsa%
No transation Entity
dz- laO;ogkj dh fjiksfVZax
(i) Cash deposits A banking
aggregating to Rs. company
la- izd`fr vkSj daiuh
10 lakh or more in a or a co- ewY;
financial year, in operative (i) fdlh O;fDr ds ,d
one or more bank ,d ;k vf/kd cSafdax
accounts of a [kkrksa esa ,d daiuh
person. foRRkh; o”kZ esa ;k
(ii) Receipt from any A banking dqy tek udn lgdkjh
person for sale of company :0 10 yk[k cSadA
foreign currency or Co- ;k vf/kd
including any credit operative (ii) fons'kh fofue; ,d
of such currency to bank dkMZ esa dksbZ cSafdax
foreign exchange eqnzk dk dzsfMV daiuh
card or expense in
such currency
vFkok MsfcV ;k
through a debit or vFkok dzsfMV lgdkjh
credit card or dkMZ esa O;; cSadA
through issue of vFkok ,d
travellers’ cheque or foRRkh; o”kZ ds
draft or any other nkSjku :0 10
instrument of an yk[k ;k vf/kd
amount aggregating dh ldy jkf’k
to Rs. 10 Lakh or dk fdlh vU;
more during a fy[kr tkjh
financial year djus ds ek/;e
ls fons’kh eqnzk
 (iii Receipt from any A company djus ds ek/;e
) person of an amount issuing ls fons’kh eqnzk
aggregating to Rs. shares ds fodz; ds
10 lakh or more in a fy;s fdlh
financial year for O;fDr ls
acquiring shares izkfIr;kWa
(including share
application money)
issued by the (iii daiuh }kjk ‘ks;j
company ) tkjh ‘ks ;j tkjh
Choose from options below: ¼‘ks;j vkosnu djus
a) (i) & (iii) are correct jkkf’k lfgr½ okyh
b) (i) & (ii) are correct vftZr djus ds diauh
c) Only (i) is correct fy, fdlh
d) (ii) & (iii) are correct O;fDr ls ,d
foRRkh; o”kZ esa
:0 10 yk[k
;k vf/kd dh
izkfIr
fuEufyf[kr fodYiksa esa ls lgh dk
p;u djs%
a) (i) vkSj (iii) lgh gS
b) (i) vkSj (ii) lgh gS
c) dsoy (i) lgh gS
d) (ii) vkSj (iii) lgh gS
122. Which of the following is correct in respect vfrfjDr lk{; Lohdkj djus ds
of power of CIT(Appeal), to accept fy, vk;dj vk;qDr ¼vihy½ dh
additional evidence: ‘kfDr;ksa ds laca/k esa fuEufyf[kr
a) CIT(A) has no power to accept any esa ls dkSu lk lgh gS\
evidence other than the evidences
a) fu/kkZj.k vf/kdkjh ds le{k
already submitted before the
assessing officer.
igys ls izLrqr lk{;ksa ds
b) CIT(A) may accept additional vfrfjDr vk;dj vk;qDr
evidence if the conditions given in ¼vihy½ dh ‘kfDr;ksa ds laca/k
rule 46A(1) of the Income Tax esa fuEufyf[kr esa ls dkSu
Rules, 1962 are satisfied. lk lgh gS\
c) CIT(A) may accept additional b) ;fn vk;dj fu;e] 1962
evidence if the conditions given in ds fu;e 46A(1) esa nh xbZ
rule 46(1) of the Income Tax Rules, ‘krsZ iwjh gksrh gSa] rks vk;dj
1962 are satisfied.
vk;qDr ¼vihy½ vfrfjDr
d) CIT(A) has no power to reject any
evidences which the appellant
lk{; Lohdkj dj ldrk gSA
wishes to submit before him during c) ;fn vk;dj fu;e] 1962
the appellate proceedings. ds fu;e 46A(1) esa nh xbZ
‘krsZa iwjh gksrh gS] rks vk;dj
vk;qDr ¼vihy½ vfrfjDr
lk{; Lohdkj dj ldrk gSA
d) vk;dj vk;qDr ¼vihy½ dks
,sls lk{; dks vLohdkj
djus dh ‘kfDr izkIRk ugha gS
tks vihyh; dk;Zokgh ds
nkSjku vihykFkhZ muds le{k
 izLrqr djuk pkgrk gSA

123. Advance ruling means- vfxze fofu.kZ; dk vFkZ gS%

a) A determination by the Board of a) fdlh vfuoklh vkosnd }kjk
Advance Rulings in relation to a fd, x, ;k djus ds fy,
transaction which has been izLrkfor laO;ogkj ds laca/k esa
undertaken or proposed to be
vfxze fofu.kZ; cksMZ dh
undertaken by a non-resident
applicant and such determination
vo/kkj.kk vkSj bl izdkj dh
shall include the determination of vo/kkj.kk esa vkosnu esa n’kkZbZ
any question of law or question of xbZ fdlh fof/k ds Ikz’u ;k
fact specified in the application rF;kRed iz’ku dh vo/kkj.kk
b) A determination or decision by the dks Hkh ‘kkfey fd;k tk,xkA
Board of Advance Rulings, whether b) vfxze fofu.kZ; cksMZ dh
an arrangement, which is proposed vo/kkj.kk ;k fu.kZ;] Hkys gh
to be undertaken by a person being ,slk izca/k tks fdlh fuoklh
a resident or non-resident, is an ;k vfuoklh O;fDr }kjk
impermissible avoidance
arrangement or not as referred in
izLrkfor gksrk gS og GAAR
Chapter of GAAR. v/;k; esa lanfHkZr ,d
c) Only (a) vuuqKs; ifjotZu O;oLFkk
d) (a) & (b) gksrh gS vFkok ugha\
c) dsoy (a)
d) (a) vkSj (b)

124. A private bank has not filed its statement of ,d futh cSad us fofufnZ”V foRRkh;
financial transaction or reportable account laO;ogkjksa ds laanHkZ esa vius
in relation to the specified financial foRRkh; laO;ogkj ;k fjiksVZ ;ksX;
transactions. A notice was issued by [kkrs dh fooj.kh nkf[ky ugha dh
prescribed Income tax authority on 1st gSA fofgr vk;dj izkf/kdkjh }kjk
October 2021 requiring bank to furnish the fnukad 1 vDVwcj] 2021 dks ,d
statement by 31st October 2021. The Bank,
however, furnished the statement only on
uksfVl tkjh fd;k x;k] ftlesa cSad
15th November 2021. What would be the dks 31 vDVwcj] 2021 rd
penalty leviable u/s 271FA? fooj.kh miyC/k djokus ds fy,
a) Rs. 91,500 dgk x;k FkkA rFkkfi cSad us
b) Rs. 16,800 fooj.kh 15 uoEcj] 2021 dks
c) Rs. 13,600 miyC/k djokbZA /kkjk 271FA ds
d) Rs. 22,800 varxZr mn~xzg.k ;ksX; ‘kkfLr D;k
gksxh\
a) :0 91]500@&
b) :0 16]800@&
c) :0 13]600@&
d) :0 22]800@&
125. Under the Benami Transactions csukeh laO;ogkj ¼fu”ks/k½ la’kks/ku
(Prohibition) Amendment Act, 2016, vf/kfu;e] 2016 ds varxZr
prosecution proceedings may be initiated fuEufyf[kr esa ls fdu /kkjkvksa ds
under which of the following sections: rgr vfHk;kstu dk;Zokgh vkjaHk dh
(i) section 3 tk ldrh gS\
(ii) section 53
(iii) section 54
(i) /kkjk 3
(ii) /kkjk 53
a) (i) and (ii) only (iii) /kkjk 54
 b) (ii) and (iii) only a) dsoy (i) vkSj (ii)
c) (i) and (iii) only b) dsoy (ii) vkSj (iii)
d) (i), (ii) and (iii)
c) dsoy (i) vkSj (iii)
d) (i), (ii) vkSj (iii)
126. Which of the following is correct about the csukeh laO;ogkj ¼fu”ks/k½ la’kks/ku
definition of “benamidar” as per Benami vf/kfu;e] 2016 ds vuqlkj
Transactions (Prohibition) Amendment Act, ^^csukehnkj** dh ifjHkk”kk ds laaca/k
2016? esa fuEufyf[kr esa ls dkSu lk lgh
(i) Benamidar cannot be a fictitious gS\
person.
(ii) Benami property may either be
(i) csukehnkj ,d dkYifud
transferred or be held by benamidar. O;fDr ugha gks ldrkA
(iii) Benamidar does not include a mere (ii) csukeh laifRRk csukehnkj }kjk
name lender. ;k rks varfjr dh tk ldrh
a) (i) only gS ;k vius ikl j[kh tk
b) (ii) only ldrh gSA
c) (ii) and (iii) only (iii) csukehnkj esa dsoy
d) (iii) only uke dk nkrk ‘kkfey ugha
gSA
a) dsoy (i)
b) dsoy (ii)
c) dsoy (ii) vkSj (iii)
d) dsoy (iii)

127. Consider the following: fuEufyf[kr ij fopkj djsa%

(i) Possession of benami property (i) csukeh laifr ij dCtk
(ii) Attachment of benami property (ii) csukeh laifr dh dqdhZ
(iii) Confiscation of benami property (iii) csukeh laifr dh tCrh
(iv) Adjudication of benami property (iv) csukeh laifr ij vf/kfu.kZ;
What is the correct chronological sequence csukeh laO;ogkj ¼izfr”ks/k½ la’kks/ku
of treating benami property under the
Benami Transactions (Prohibition)
vf/kfu;e] 2016 ds varxZr
Amendment Act, 2016? csukeh laifr ij fopkj gsrq lgh
a) i ii  iii  iv lwph D;k gS\
b) iv  ii i iii a) i ii  iii  iv
c) ii  iv  iii i b) iv  ii i iii
d) ii  iv i iii c) ii  iv  iii i
d) ii  iv i iii
128. The Benami Transactions (Prohibition) csukeh laO;ogkj ¼izfr”ks/k½ la’kks/ku
Amendment Act, 2016 prohibits re-transfer vf/kfu;e] 2016 ds vuqlkj
of benami property. In this context, which csukeh laifr dk iqu% varj.k djuk
of the following are correct statements? fu”ks/k gSS bl lanHkZ esa fuEufyf[kr
a) Re-transfer means transfer of esa ls dkSu lk dFku lgh gS\
benami property to a third party i.e.
except the beneficial owner.
a) iqu% varj.k dk vFkZ gS
b) Re-transfer means transfer of csukeh laifr dk rhljs i{k
benami property to the beneficial dks varj.k vFkkZr ykHkkFkhZ
owner or any other person acting on ekfyd dks NksMdj
behalf of beneficial owner. b) iqu% varj.k dk vFkZ gS
c) Re-transfer is dealt with in section csukeh laifr dk ykHkkFkhZ
57; transfer is dealt in section 6. ekfyd ;k ykHkkFkhZ ekfyd
d) None of the above are correct
 statements. ds okLrs dk;Z dj jgk dksbZ
vU; O;fDr
c) iqu%varj.k /kkjk 57 esa(
varj.k ;k /kkjk 6 esa fopkj
fd;k x;k gS
d) mijksDr esa ls dksbZ ugha
129. After conclusion of appellate proceedings, it vihyh dk;Zokgh ds fu”d”kZ ds
was finally held that the property under i'pkr varr% ;g ekuk x;k gS fd
consideration is benami property, the fopkjk/khu laifr csukeh laifr gS]
benamidar is held to be the firm “X” and the QeZ “X” dks csukehnkj rFkk ykHkkFkhZ
beneficial owner is held to be a company
“Y.” Which of the following is liable to be ekfyd “Y” daiuh gSA csukeh
prosecuted under the Benami Transactions varj.k ¼fujks/kd½ la’kks/ku
(Prohibition) Amendment Act, 2016 as per vf/kfu;e] 2016 dh /kkjk ds
section 53 and section 62? v/khu 53 o /kkjk 62 ds vuqlkj
a) “X,” “Y,” the partners of “X” and fuEufyf[kr es ls fdl ij
the directors of “Y.” eqdnek pyk;k tk,xk&
b) “X,” “Y,” and the partners of “X” a) “X” ds lk>hnkj “X”, “Y”
only. rFkk “Y” ds funs’kd
c) “X,” “Y,” and the directors of “Y”
only. b) “X”, “Y” ,oa “X” ds
d) “X” and “Y” only. lk>hnkj ek=
c) “X”, “Y” ,oa “Y” ds funs’kd
ek=
d) “X” ,oa “Y” ek=
130. Choose the asset which would be dkyk/ku ,oa djkf/kjksi.k vf/kfu;e
considered as undisclosed asset located 2015 ds varxZr fuEufyf[kr eas
outside India under the Black Money and ls Hkkjr ds ckgj fLFkr dkSu lh
Imposition of Tax Act 2015? vkfLr v?kksf”kr vkfLr ekuh
a) A holds immovable property tk,xh\
outside India in his name and he has a) A ds ikl Hkkjr ds ckgj
bought such property from his mlds uke ls vpy laifr
income declared in his income tax gS vkSj mlus ;g laifr
return in India. vius vk;dj fooj.k esa
b) B holds immovable property ?kksf”kr Hkkjr esa vftZr vk;
outside India as beneficial owner ls [kjhnh
and he has bought such property
from his income declared in his
b) B ds ikl Hkkjr ds ckgj
income tax return in India. ykHkkFkhZ ekfyd ds :Ik es
c) C holds immovable property vpy laifr gS ,oa mlus
outside India in his name and he has ;g laifr vius vk;dj
bought such property from his fooj.k es ?kksf”kr Hkkjr esa
undisclosed income vftZr vk; ls [kjhnh
d) All of the above c) C ds ikl Hkkjr ds ckgj
vius uke ls vpy laifr
gS vkSj mlus ;g laifr
viuh v?kksf”kr vk; ls
[kjhnh
d) mijksDr lHkh
131. Which of the following foreign income fuEufyf[kr esa ls dkSu lh fons’kh
would be covered under the Black Money vk; dkyk/ku vf/kfu;e ds varxZr
vk,xh\
 Act? a) iwoZo”kZ 2014&15 ds nkSjku
a) Swami was a tax resident of India Lokeh Hkkjr dk dj fuoklh
during PY 2014-15. He earned FkkA mls iwoZ o”kZ
rental income from property 2014&15 esa Hkkjr ls
situated outside India during the PY ckgj fLFkr laifr ls fdjk,
2014-15, which was not disclosed ds :Ik esa vk; izkIr gqbZ
in his income-tax return tks fd mudh vk;dj
b) Suresh was a tax resident of India fooj.kh esa fn[kkbZ ugha xbZ
during PY 2016-17. He earned Fkh
rental income from property b) iwoZo”kZ 2016&17 ds nkSjku
situated outside India during the PY
lqjs’k Hkkjr dk dj fuoklh
2016-17, which was not disclosed
in his income-tax return
FkkA iwoZ o”kZ 2016&17 es
c) Both A and B mls Hkkjr ls ckgj fLFkr
d) None of the above laifr ls fdjk, ds :Ik esa
vk; izkIr gqbZ] tks fd
mudh vk;dj fooj.kh esa
fn[kkbZ ugha xbZ Fkh
c) (a) ,oa (b) nksuksa
d) mijksDr es ls dksbZ ugha
132. As per Black Money Act, 2015, no order of dkyk/ku vf/kfu;e 2015 dh /kkjk
assessment or reassessment shall be made 10 ds varxZr fdlds i'pkr dksbZ
under section 10 after: fu/kkZj.k ;k iquZfu/kkZj.k vkns’k tkjh
a) The expiry of 12 months from the ugha fd;k tk,xk\
end of the financial year in which
a) ml forh; o”kZ dh lekfIr
notice under subsection (1) of
section 10 was issued by
ds i’pkr 12 eghus gksus
theAssessing Officer ij] ftlesa /kkjk 10 dh
b) The expiry of 18 months from the mi/kkjk ¼1½ ds varxZr
end of the financial year in which fu/kkZj.k vf/kdkjh }kjk
notice under subsection (1) of uksfVl tkjh fd;k x;k gks
section 10 was issued by b) ml forh; o”kZ dh lekfIr
theAssessing Officer ds i’pkr 18 eghus gksus
c) The expiry of 24 months from the ij] ftlesa /kkjk 10 dh
end of the financial year in which mi/kkjk ¼1½ ds varxZr
notice under subsection (1) of fu/kkZj.k vf/kdkjh }kjk
section 10 was issued by
uksfVl tkjh fd;k x;k gks
theAssessing Officer
d) The expiry of 36 months from the c) ml forh; o”kZ dh lekfIr
end of the financial year in which ds i’pkr 24 eghus gksus
notice under subsection (1) of ij] ftlesa /kkjk 10 dh
section 10 was issued by mi/kkjk ¼1½ ds varxZr
theAssessing Officer fu/kkZj.k vf/kdkjh }kjk
uksfVl tkjh fd;k x;k gks
d) ml forh; o”kZ dh lekfIr
ds i’pkr 36 eghus gksus
ij] ftlesa /kkjk 10 dh
mi/kkjk ¼1½ ds varxZr
fu/kkZj.k vf/kdkjh }kjk
uksfVl tkjh fd;k x;k gks
133. The penalty for failure to furnish the return vk;dj vf/kfu;e dh /kkjk 139 (1)
under section 139 (1) of Income Tax Act in ds varxZr fons’kh vk; ,oa vkfLr
relation to foreign income and asset by the
 assessee, if he held any asset located outside ds laca/k esa fu/kkZfjrh }kjk fooj.k
India as a beneficial owner or otherwise, or nkf[ky u djus Ikj D;k ‘kkfLr
was a beneficiary of any asset located yxsxh] ;fn dkyk/ku vf/kfu;e dh
outside India, or had any income from the /kkjk 42 ds rgr] og Hkkjr ls
source located outside India as per section ckgj fLFkr fdlh vkfLr dk
42 of Black Money Act, 2015 is: ykHkkFkhZ ;k vU; izdkj ls ekfyd
a) Rupees 10,00,000/-
gks ;k Hkkjr ls ckgj fLFkr fdlh
b) Rupees 25,00,000/- vkfLr dk ykHkkFkhZ Fkk ;k Hkkjr ds
c) Rupees 30,00,000/- ckgj fLFkr fdlh lzksr ls vk;
d) Rupees 50,00,000/- izkIr dh Fkh
a) 10]00]000@& :-
b) 25]00]000@& :-
c) 30]00]000@& :-
d) 50]00]000@& :-
134. The assessee who is a resident of India for ges'kk ls Hkkjr ds fuoklh jgs ,d
all the years had acquired a house property fu/kkZfjrh us forh; o”kZ 2001&02
(A) in Bahamas in the FY 2001-02 for Rs. es 1]50]00]000@& :- esa cgekl
1,50,00,000/- and the same property was esa ,d vkokl laifr (A) [kjhnk
sold in FY 2007-08 for Rs.2,00,00,000/- and
,oa mls forh; o”kZ 2007&08 esa
the same was deposited in the bank account
‘X’ maintained in Bahamas. In FY 2010-11,
2]00]00]000@& :- esa csp fn;k
another house property (B) in Bahamas was vkSj ml jde dks X ds cgekl
purchased from withdrawal from bank ds cSad [kkrs es tek dj fn;kA
account ‘X’for Rs.2,00,00,000/-. The house forh; o”kZ 2010&11 esa ‘X’ ds
property B has not been transferred before cSad [kkrs ls 2]00]00]000@& :-
the valuation date and its value as on the fudkydj ,d vkSj vkokl laifr
date of valuation is Rs.4,00,00,000/-. The (B) cgekl eas [kjhnk x;kA
value of bank account ‘X’ as computed as
per applicable rule under Black Money Act
ewY;kadu dh rkjh[k ds igys
is Rs.3,50,00,000/-. The fair market value of vkokl laifr B varfjr ugha dh
undisclosed foreign assets in respect of asset x;h ,oa ewY;kadu dh rkjh[k ij
A, X and B of the assessee are: bldk ewY; 4]00]00]000@& :-
a) Rs.2,00,00,000/-, 3,50,00,000/- and FkkA dkyk /ku ,oa ewY;kadu dh
4,00,00,000/- respectively rkjh[k ij bldk ewY; vf/kfu;e
b) Rs.0/-, 1,50,00,000/- and ds varxZr ykxw fu;e ds vuqlkj
4,00,00,000/- respectively vkdfyr X ds cSad [kkrs dk ewY;
c) Rs. 0/-, 2,00,00,000/- and 3]50]00]000@& :- gSA fu/kkZfjrh
4,00,00,000/- respectively
d) Rs.1,50,00,000/-, 3,50,00,000/- and dh A, X ,oa B vkfLr ds laca/k esa
4,00,00,000/- respectively vizdfVr fons’kh vkfLr dk mfpr
cktkj ewY; fuEukafdr esa ls dkSu
lk gksxk%&
a) 2]00]00]000@&]
3]50]00]000@& ,oa
4]00]00]000@& :-
dze’k%
b) 0@&] 1]50]00]000@& ,oa
4]00]00]000@& :-
dze’k%
c) 0@&] 2]00]00]000@& ,oa
4]00]00]000@& :-
dze’k%
 d) 1]50]00]000@&]
3]50]00]000@& ,oa
4]00]00]000@& :-
dze’k%
135. Which of the following statement is/are dkyk/ku vf/kfu;e] 2015 ds
correct in respect of Black Money Act, lanHkZ esa fuEufyf[kr esa ls dkSu
2015? lk@ls dFku lgh gS@gSa\
(i) The income included in the total (i) dkyk/ku vf/kfu;e 2015
undisclosed foreign income and
ds varxZr dqy vizdfVr
asset under the Black Money Act,
2015 shall not form part of the total
fons’kh vk; ,oa vkfLr es
income under the Income Tax Act ‘kkfey vk;] vk;dj
(ii) All the information contained in vf/kfu;e ds varxZr dqy
any statement or return made or vk; dk fgLlk ugha gksxh
furnished or obtained or collected (ii) vk;dj vf/kfu;e ds
under any provisions of Income Tax izko/kkuksa ds rgr fdlh
Act may be used under the Black fooj.k ;k fjVZu esa ladfyr
Money Act, 2015 lHkh izLrqr ;k izkIr ;k
(iii) No suit shall be brought in any civil bdV~Bk dh xbZ lwpukvksa dk
court to set aside or modify any iz;ksx dkyk /ku vf/kfu;e
proceeding taken or order made
2015 ds varxZr fd;k tk
under Black Money Act, 2015
a) i and ii only
ldrk gS
b) ii and iii only (iii) dkyk/ku vf/kfu;e
c) i only 2015 ds varxZr dh xbZ
d) All of the above dk;Zokgh vFkok fd;ks x,
vkns’k dks jn~n djus vFkok
la’kks/ku djus ds fy;s fdlh
Hkh flfoy dksVZ esa dksbZ
okn nkf[ky ugha fd;k
tk,xk
a) (i) ,oa (ii)
b) (ii) ,oa (iii)
c) dsoy (i)
d) mijksDr lHkh
136. Section 37 of the Income Tax Act, 1961 vk;dj vf/kfu;e 1961 dh /kkjk
provides for allowing certain revenue 37 ds rgr ^^O;olk; ;k is’ks ls
expenditure laid out or expended wholly gksus okys ykHk ;k vfHkykHk** ‘kh”kZ
and exclusively for the purposes of the ds v/khu vkSj /kkjk 30 ls 36
business or profession in computing the rd doj ugha gS] dh izHkk;Z vk;
income chargeable under the head "Profits dh x.kuk esa fo’kq+) :Ik ls ml
and gains of business or profession" and not
covered by section 30 to 36. However, as
O;olk;@is’ks ds fy;s fu/kkZfjr ;k
per explanation to section 37, which of the O;; dh xbZ jkf’k tks /kkjk 30 ls
following expenditure(s) shall not be 36 esa lfEefyr ugha gks ik;s gS]
deemed to have been incurred for the dfri; jktLo [kpksZa ij NwV dk
purpose of business or profession and no izko/kku gSA ijarq /kkjk 37 dh
deduction or allowance shall be made in O;k[;k ds vuqlkj] fuEufyf[kr
respect of such expenditure? O;; dks O;olk; vFkok dkjksckj ds
(i) Any expenditure incurred by an mn~ns’; ls [kpZ djuk ugha ekuk
Assessee for any purpose which is tk,xk vkSj ,sls [kpksZa ds lca/k esa
an offence or which is prohibited by dksbZ dVkSrh@NwV iznku ugha dh
law.
 (ii) Expenditure incurred by an tk;sxh\
Assessee on the activities relating to (i) fu/kkZfjrh }kjk fd;k x;k
corporate social responsibility dksbZ ,slk [kpZ tks vijk/kiw.kZ
referred to in section 135 of the gks vFkok ftls dkuwuh :Ik
Companies Act, 2013
ls oftZr ekuk x;k gksA
(iii) Expenditure incurred by an
Assessee on advertisement in any (ii) diauh vf/kfu;e 2013 dh
souvenir, brochure, tract, pamphlet, /kkjk 135 esa mfYyf[kr
or the like published by a political dkWjiksjsV lkekftd nkf;Ro ds
party. rgr fdz;kdykiksa ij]
fu/kkZfjrh }kjk [kpZ dh xbZ
a) i only jkf’kA
b) i and iii only (iii) fu/kkZfjrh }kjk fdlh
c) ii and iii only jktuSfrd ikVhZ ds foKkiuksa
d) All of the above
tSls lksfofu;j] czks’kj]
iqfLRkdk] iSEQysV vkfn ij
[kpZ dh xbZ jkf’kA

a) dsoy (i)
b) dsoy (i) vkSj (iii)
c) dsoy (ii) vkSj (iii)
d) miqZDr lHkh
137. Which of the following statement is correct: fuEufyf[kr esa ls dkSu lk dFku
a) Repairs of capital nature for lgh gS\
buildings used for business are a) O;olk; ds fy;s iz;qDr
allowable u/s 30 Hkouksa ds iwathxr izdkj dh
b) Current repairs for building used for ejEer /kkjk 30 ds rgr
business are allowable u/s 31
vuqes; gSA
c) Current repairs for building used for
b) O;olk; ds fy;s iz;qDr
business are allowable u/s 30
d) Repairs of capital nature for Hkou dh orZeku ejEer
buildings used for business are /kkjk 31 ds rgr vuqes;
allowable u/s 31 gSA
c) O;olk; ds fy;s iz;qDr
Hkou dh orZeku ejEer
/kkjk 30 ds rgr vuqes;
gSA
d) O;olk; ds fy;s iz;qDr
Hkouksa ds iwathxr izdkj dh
ejEer /kkjk 31 ds varxZr
vuqes; gSA
138. As per Section 54F, exemption from long /kkjk 54F ds vuqlkj] nh?kZdkfyd
term capital gain is made available in the iwathxr ykHk ls NwV mu
situation when the amount is invested in ifjfLFkfr;ksa esa feyrh gS] tc ml
purchasing or constructing a new residential jkf’k dk fuos’k vkoklh; laifÙk ds
house property. Which is of following is
fuekZ.k vFkok dz; esa fd;k x;k
NOT a requirement to avail exemption u/s
54F of the Act? gksA vf/kfu;e dh /kkjk 54F ds
a) The exemptions u/s 54F is available rgr NwV izkIr djus ds fy,
only to Hindu Undivided Families fuEufyf[kr esa ls D;k vfuok;Z
and individuals. ugha gS%&
b) It is applicable to capital gain that a) /kkjk 54F ds rgr NwV dsoy
 arises on transferring any long term fgUnw vfoHkDr dqVqEc rFkk
capital asset including residential O;f”V;ksa dks gh miyC/k gSA
house. b) ;g ml iwathxr ykHk ds
c) Net consideration that arises for fy, ykxw gS] tks vkoklh;
transferring long term capital assets
x`g laifr lfgr fdlh
that are invested in the following:
-The net consideration is re-
nh?kZdkfyd iwathxr vkfLr ds
invested in the buying of one varj.k ls vftZr gks ¼izkIr
residential property in one year gks½
before the transfer date or within c) fuEufyf[kr esa fuos’k fd,
two years after the transfer date. x, nh?kZdkfyd iwathxr
-The net consideration is re- vkfLr;ksa ds varj.k ls izkIr
invested in constructing 1 gqvk dqy izfrQy %&
residential property in India in three & varj.k dh frfFk ls nks o”kZ
years from the transfer date. ds Hkhrj vFkok varj.k frfFk
d) None of the above. ls ,d o”kZ iwoZ fdlh
vkolh; laifÙk dh [kjhn esa
dqy izfrQy dk iqufuZos’k
fd;k tkrk gSA
& varj.k dh frfFk ls rhu
o”kZ ds Hkhrj Hkkjr esa ,d
vkoklh; laifÙk ds fuekZ.k
esa dqy izfrQy dk iqufuZos’k
fd;k tkrk gSA
d) mijksDr esa ls dksbZ ugha
139. Transactions not regarded as transfer laO;ogkj ftUgsa varj.k ds :Ik esa
includes: ugha ekuk tkrk gS] esa ‘kkfey gS%&
a) Any transfer by way of conversion a) fdlh daiuh ds vf/kekuh
of preference shares of a company ‘ks;jksa ds ml daiuh ds
into equity shares of that company.
bfDoVh ‘ks;jksa esa ifjorZu ds
b) Any transfer of capital asset in a
transaction of reverse mortgage
:Ik esa fd, x, varj.k dksA
under a scheme made and notified b) dsUnzh; ljdkj }kjk rS;kj
by the Central Government. vkSj vf/klwfpr fdlh Ldhe
c) Both of the above. ds rgr fjolZ ca/kd ds
d) None of the above. laO;ogkj esa iwathxr
vkfLr;ksa ds varj.k dksA
c) mijksDr nksuksaA
d) mijksDr esa ls dksbZ ughaA
140. Mr. Aamir earned dividend income of Jheku vkfej us fyLVsM diauh
Rs.1,00,000/- from the shares of listed XYZ fyfeVsM ds ‘ks;lZ ls fnukad
company XYZ Ltd on 05.04.2022. Interest 05-04-2022 dks 1]00]000@&
on loan taken for the purpose of investment :- ykHkka’k vk; vftZr dhA mDr
in that said company is Rs. 30,000/-.
daiuh esa iwath yxkus ds mnns’; ls
Income included in the taxable income of
Mr. Aamir under “Income from Other
fy;s x;s _.k ij C;kt
Sources” would be: 30]000@& :- gSA Jheku vehj
a) Rs. 1,00,000/- dh dj ;ksX; vk; esa vU; lzksrksa
b) Rs. 70,000/- ls vk; D;k gksxh\
c) Dividend Income is exempt. a) 1]00]000@& :-
d) Rs. 80,000/- b) 70]000@& :-
c) ykHkka’k vk; dj eqDr gS
 d) 80]000@& :-
141. Which is NOT true for Capital Gains iwathxr vfHkykHk [kkrk ;kstuk ds
Accounts Scheme? ifjizs{; esa] fuEufyf[kr esa ls
a) You can deposit your capital gains dkSu lk dFku lgh ugha gSa\
in the Capital Gains Account a) vki vius iwath vfHkykHk
Scheme when you are unable to
dks] ml fufnZ”V fuos’k ds
reinvest them in a specified
investment asset before the
fy,] fufnZ”V le;&lhek
stipulated time limit expires for that lekIr gksus ls igys rFkk
specific investment and before the vk;dj fooj.kh nkf[ky djus
due date of filing income tax dh ns; frfFk ls igys
returns. iqu%fuos’k u dj ikus dh
b) The Scheme was introduced in n’kk esa iwath vfHkykHk [kkrk
1989. ;kstuk esa tek dj ldrs
c) You can open a Capital Gains gaSA
Account in any branch of the b) ;g ;kstuk 1989 esa ‘kq:
authorised banks, except for their dh xbZ Fkh
branches in rural areas.
d) The Capital Gains Account Scheme c) vki fdlh Hkh izkf/kd`r cSad
allows assesses to park their capital dh ‘kk[kk esa flok; mudh
gains until the point when they can xzkeh.k ‘kk[kkvksa ds iwath
be reinvested in assets specified in vfHkykHk [kkrk [kksy ldrs
Sections 54 and 54F of the Income gSA
Tax Act, 1961, protecting their d) iwath vfHkykHk [kkrk ;kstuk]
long-term capital gains. fu/kkZfjfr;ksa dks viuh iwath
vfHkykHk rc rd laHkky dj
j[kus dk volj nsrk gS] tc
rd os vk;dj vf/kfu;e
1961 dh /kkjk 54 o 54F esa
fu/kkZfjr vkfLRk;ksa dh [kjhn
esa iqu%fuos’k u dj ysa]
ftlls mudk nh?kZdkfyd
iwathxr vfHkykHk lqjf{kr
jgsaA
142. Amount deducted from sale consideration nh?kkZof/k iwath ykHk (LTCG) dh
while calculating LTCG is: x.kuk djrs gq, fodz; izfrQy ls
a) Cost of Acquisition and Cost of dVkSrh dh xbZ jkf’k &
Improvement
b) Indexed Cost of Acquisition and
a) vtZu ykxr rFkk lq/kkj
indexed Cost of Improvement ykxr
c) Market value as on 01.04.2001 of b) lwpdkad vtZu ykxr rFkk
capital asset lwpdkad lq/kkj ykxr
d) Only Cost of Acquisition c) 01-04-2001 dks iwathxr
vkfLr;ksa dk cktkj ewY;
d) dsoy vtZu ykxr

143. Conversion of a capital asset into Stock in O;kikj ds laca/k esa iwathxr vkfLr
Trade will result into capital gain of PY in dk LVkWd esa :ikarj.k dk ifj.kke
which__ xr o”kZ ds iwathxr ykHk gksxk&
a) Conversion took place a) :ikarj.k gqvk
b) Converted asset is sold/transferred
c) Both of the above b) :ikarfjr vkfLr dk fodz;
d) None of the above @varj.k gksrk gS
 c) mi;qZDRk nksukas
d) mi;qZDRk dksbZ ugha
144. On examination of case records of a listed ,d lwphc) Hkkjrh; daiuh eSllZ
Indian Company M/s ABC Limited, it is ABC fyfeVsM ds ekeyksa ds
noted that during Previous Year 2020-21, fjdkMZl dh tkap djrs gq, uksV
Smt. Pooja is a 30% equity shareholder of fd;k x;k fd xr o”kZ 2020&21
the said company. Further, her husband Shri
ds nkSjku Jherh iwtk mDr daiuh
Rahul received Rs. 50,00,000/- per month
as Salary (Rs. 6 Crore annually) from a said dh 30% bfDoVh ‘ks;j /kkjd gSA
company. Which of the following is correct blds vykok] mDr daiuh ls muds
course of action for the Assessing Officer in ifr Jh jkgqy us 50]00]000@&
this case? : izfrekg ¼6 djksM+ :- okf”kZd½
a) To examine whether Shri Rahul has osru ds ns; esa izkIr fd;s gSaA bl
any technical or professional ekeysa es fu/kkZj.k vf/kdkjh ds fy,
qualification and the salary paid is fuEufyf[kr esa ls dkjZokbZ dj
solely attributable to such dkSu lk rjhdk lgh gSa\
knowledge and experience. In such
a) ,slh ifjfLFkfr esa nss[ks dh
a scenario, examine if clubbing
provisions need to be invoked and
D;k dYc djrs gq, izko/kku
the necessary information to be ykxw fd, tkus dh
passed on to the Assessing Officer vko’;drk gS vkSj vko’;d
of Shri Rahul. tkudkjh] Jh jkgqy ds
b) To examine whether there is a fu/kkZj.k vf/kdkjh dks vxzsf”kr
Contract of employment and the dj nh tk;sA
Salary expenditure is made at b) ;g tkap djuk fd D;k
Arm’s Length Price. fu;kstu dk dksbZ djkj gS
c) To examine whether the transaction rFkk osru laca/kh O;; vkElZ
is covered as Deemed Dividend u/s ysaUFkl izkbZl ds vuq:Ik gSA
2(22)(e) and inform the concerned
Assessing Officer. c) ;g tkap djuk fd D;k /kkjk
d) To examine whether the said 2(22)(e) ds v/khu ;g
company has enough accumulated ysu&nsu MhEM fMfoMsaV ds :Ik
profits to make the said esa doj gS vkSj larf/kr
expenditure. fu/kkZj.k vf/kdkjh dks lwfpr
djukA
d) ;g tkap djuk fd D;k mDr
daiuh ds ikl mDr [kpksZa ds
fy, i;kZIr lafpr ykHk gSaA
145. Mr X has made investments of Rs 10 crore Jheku X us o”kZ ds nkSjku 10
during the year, however, the amount djksM+ :- dk fuos’k fd;k Fkk]
recorded in this behalf in his books of gkykfad bl laca/k esa mldh [kkrk
account is Rs 6 crore only. Which of the cgha esa dsoy 6 djksM+ :- dh jkf’k
following would be TRUE in his case under
ntZ gqbZ gSA vk;dj vf/kfu;e
the Income-tax Act, 1961?
a) Rs 4 crore shall be treated as
1961] ds varxZr mlds ekeys esa
deemed income under section 69, if fuEufyf[kr esa ls dkSu lk fodYi
no satisfactory explanation is lgh gksxk\
offered by him a) ;fn mlds }kjk dksbZ
b) Rs 10 crore shall be treated as larks”ktud Li”Vhdj.k izLrqr
deemed income under section 69, ugah fd;k tkrk gS rks /kkjk
even if satisfactory explanation is 69 ds varxZr 4 djksM+
offered by him :Ik;s dks mldh vk; ekuk
c) Rs 4 crore shall be treated as tk,xkA
deemed income under section 69B,
 if no satisfactory explanation is b) mlds }kjk larks”ktu
offered by him LIk”Vhdj.k izLrqr fd;s tkus
d) Rs 10 crore shall be treated as ij Hkh /kkjk 69 ds varxZr
deemed income under section 69B, 10 djksM+ :- mldh vk;
even if satisfactory explanation is
ekuk tk,xkA
offered by him
c) ;fn mlds }kjk dksbZ
larks”ktud LIk”Vhdj.k izLrqr
ugha fd;k tkrk gS rks] /kkjk
69B ds varxZr 4 djksM+ :-
dks mldh vk; ekuk
tk,xkA
d) mlds }kjk larks”ktud
Li”Vhdj.k izLrqr fd;s tkus
ij Hkh /kkjk 69B ds varxZr
10 djksM+ :- dks mldh
vk; ekuk tk,xkA
146. The first item in order of priority of set off vifj'kksf/kr ewY;gzkl] oSKkfud ‘kks/k
between unabsorbed depreciation, capital ij iwathxr O;;] orZeku o”kZ esa
expenditure on scientific research, current ewY;gzkl rFkk vxszf.kr O;kikj ?kkVk
year depreciation and brought forwarded esa ls] lek;ksftr djus ds fy;s
business loss is: izkFkfedrk ds vk/kkj ij igyh en
a) Unabsorbed depreciation. D;k gksxh\
b) Capital expenditure on scientific
research. a) vifj'kksf/kr ewY;gzkl
c) Current year depreciation. b) oSKkfud ‘kks/k ij iwathxr
d) Brought forwarded business loss. O;;
c) orZeku o”kZ esa ewY;gzkl
d) vxzuhr O;kikj ?kkVk
147. In respect of applicability of section 68, /kkjk 68 dh iz;ksT;rk dh n`f”V ls
which of the following statements are most fuEufyf[kr esa dkSu lk dFku
appropriate: lcls lVhd gS\
a) Credits which are unrecorded in the a) ,slh tek jkf’k] ftudh
books and are unexplained.
cfg;ksa esa izfof”V u dh xbZ
b) Credits which are recorded in the
books and are unexplained.
gks vkSj ftls Li”V Hkh u
c) Credits which are unrecorded in the fd;k x;k gksA
books and are unexplained and b) ,slh tek jkf’k] ftudh
unsatisfactory to the Assessing cfg;ksa esa izfof”V dh xbZ gks
Officer. vkSj ftls Li”V u fd;k
d) Credits which are recorded in the x;k gksA
books and are unexplained and c) ,slh tek jkf’k] ftls cfg;ksa
unsatisfactory to the Assessing esa izfof”V u fd;k x;k gks
Officer.
vkSj tks fu/kkZj.k vf/kdkjh
dks vLi”V o valrks”ktud
yxsA
d) ,slh tek jkf’k] ftls cfg;ksa
esa izfof”V fd;k x;k gks vkSj
tks fu/kkZj.k vf/kdkjh dks
vLi”V vkSj vlarks”ktud
yxsA
148. Smt. Mala gifted Rs. 4,00,000/- to her Jherh ekyk us vius dt+u HkkbZ
 cousin Shri. Nitesh on 02.02.2022 to pursue & furh’k dks vkWDlQksMZ ;wfuolZVh
higher studies in Oxford University. What esa mPprj f’k{kk ds fy;s fnukad
will be treatment of the same in the hands of 02-02-2022 djs :-
Shri Nitesh? 4]00]000@& migkj eas fn;sA Jh
a) Not added to taxable income. furh’k ds fy;s ml /ku dks fdl
b) Added to total income of Shri :Ik esa ekuk tk,xk\
Nitesh only if registered Gift Deed
is made. a) dj ;ksX; vk; eas ugha tksM+k
c) Taxable to the extent of Rs. tk,xk
3,50,000/- as Income from Other b) ;fn iathd`r migkj foys[k
Sources. fd;k tkrk gS rks Jh furh’k
d) Taxable to the extent of Rs. dh dqy vk; esa tksM+k
4,00,000/- as Income from Other tk,xk
Sources. c) vU; lzksrksa ls vk; ds :Ik
esa :- 3]50]000@& dh
lhek rd dj ;ksX; gksxk
d) vU; lzksrksa ls vk; ds :Ik
esa :- 4]00]000@& dh
lhek rd dj ;ksX; gksxk
149. As per Section 45(3) in The Income- Tax vk;dj vf/kfu;e dh /kkjk 45¼3½
Act, the profits or gains arising from the ds vuqlkj] fdlh O;fDr tks fdlh
transfer of a capital asset by a person to a QeZ@ vU; O;fDr;ksa ds lewg@
firm or other association of persons or body O;fDr;ksa ds fudk; ¼tks dksbZ daiuh
of individuals (not being a company or a co- ;k lgdkjh lkslk;Vh u gks½ @
operative society) in which he is or becomes ftldk o lnL; gks vFkok
a partner or member, by way of capital
contribution or otherwise, shall be
iwathfuos’k ;k vU; fdlh ek/;e
chargeable to tax as his income of the ls mldk lnL; @ lk>snkj cu
previous year in which such transfer takes tk;s( }kjk iwathxr vkfLR;ksa ds
place. In this regard, what will be the full varj.k ls tfur ykHk ;k vf/kykHk
value of the consideration received or ij varj.k ds fiNys o”kZ ds fy;s
accruing as a result of the transfer of the dj ns; gksxkA izkIr vFkok izksnHkwr
capital asset for purposes of Section 48? izfrQy dk lEiw.kZ ewY; D;k
a) Fair Market Value of the Capital gksxk\
asset. a) iwathxr vkfLr dk mfpr
b) Amount recorded in the books of cktkj ewY;
account of the firm, association or
body as the value of the Capital
b) iwathxr vkfLr;ksa ds ewY; ds
Asset. :Ik esa QeZ] lewg vFkok
c) Stamp Duty valuation of the Capital fudk; ds cgh&[kkrk esa ntZ
asset jkf’kA
d) Value as arrived at by Registered c) iwathxr vkfLr;ksa dk LVkEi
Valuer ‘kqYd ewY;A
d) iathd`r ewY;kadudrkZ }kjk
fu/kkZfjr ewY;A
150. What is the time limit for assessee to reply vk;dj vf/kfu;e 1961 dh /kkjk
in response to Notice issued under section 148A(b) ds rgr tkjh uksfVl ds
148A(b) of the Income tax Act 1961: izfrmÙkj esa fu/kkZfjrh ds ikl tokc
a) Not less than 7 days but not nsus dh le; lhek D;k gS\
exceeding 30 days from the date of
issue of such notice a) uksfVl tkjh gksus dh frfFk ls
b) Not less than 3 days but not de ls de 7 fnu ijarq
exceeding 7 days from the date of 30 fnuksa ls vf/kd ugha
 issue of such notice b) uksfVl tkjh gksus dh frfFk ls
c) One month from the date of issue of de ls de 3 fnu ijarq 7
such notice fnuksa ls vf/kd ugha
d) Sixty days from the date of issue
c) uksfVl tkjh gksus dh frfFk ls
,d eghuk
d) uksfVl tkjh gksus ls 60 fnu

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