Question 1
A resident domestic company opts for the concessional tax regime under Section 115BAA for AY 2025-26. What is the effective tax rate (including surcharge and health & education cess)?
Correct Answer:
25.168%
Question 2
Under Section 115BAB, a new domestic manufacturing company set up and registered on or after 1 October 2019 and commencing manufacturing by 31 March 2024 is taxed at what base rate on its eligible manufacturing income?
Correct Answer:
15%
Question 3
Income earned by a non-resident from operating ships under Section 44B is computed on a presumptive basis as what percentage of the specified receipts?
Correct Answer:
7.5%
Question 4
For a partnership firm assessed under the Income-tax Act for AY 2025-26, what is the rate of income tax (before surcharge and cess) on its total income?
Correct Answer:
30%
Question 5
Remuneration paid to working partners of a firm is deductible under Section 40(b) only if it is authorised by the partnership deed and within the prescribed limits. On the first Rs. 6,00,000 of book profit (or in case of loss), the maximum deductible remuneration (per Finance Act, 2024 limits) is:
Correct Answer:
90% of book profit or Rs. 1,50,000, whichever is higher
Question 1
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Prepare with the CMA Final Paper 15 Practice Questions - CMA Final Paper 15 Direct Tax Laws and International Taxation (DIT) Exam practice quiz. This question bank includes 100 questions covering section, income, company, rate, and return. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CMA Final Paper 15 Practice Questions - CMA Final Paper 15 Direct Tax Laws and International Taxation (DIT) Exam

This practice set contains 100 questions from the matching question bank and focuses on section, income, company, rate, and return. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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