Question 1
Under the Income-tax Act, 1961, income earned during a Previous Year is generally charged to tax in which year?
Correct Answer:
The immediately following Assessment Year
Question 2
Which section of the Income-tax Act, 1961 is the charging section that levies income tax for an assessment year?
Correct Answer:
Section 4
Question 3
An individual is treated as 'resident' in India for a previous year if he is in India for at least:
Correct Answer:
182 days in the previous year; or 60 days in the PY and 365 days in the preceding 4 years
Question 4
A Resident individual becomes 'Resident and Ordinarily Resident' (ROR) only if he additionally satisfies that he was resident in India in at least:
Correct Answer:
2 out of 10 preceding years and 730 days in 7 preceding years
Question 5
Income which accrues or arises outside India and is also received outside India is taxable in India for which category of assessee?
Correct Answer:
Resident and Ordinarily Resident (ROR) only
Question 1
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Prepare with the CMA Inter Paper 7 (DITX) Practice Questions - ICMAI CMA Intermediate Paper 7 Direct and Indirect Taxation (DITX) Exam practice quiz. This question bank includes 100 questions covering section, income, individual, year, and resident. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CMA Inter Paper 7 (DITX) Practice Questions - ICMAI CMA Intermediate Paper 7 Direct and Indirect Taxation (DITX) Exam

This practice set contains 100 questions from the matching question bank and focuses on section, income, individual, year, and resident. 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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