Taxation Self Assessment Test | CA IPCC Mock Test |

Take the Free Taxation Self Assessment Test, Multiple choice questions from Income Tax and Indirect Tax and all the topics covered in the syllabus were taken into account.

This Taxtion SAT has been prepared by qualified Chartered Accountants, covering all the topics in CA IPCC Syllabus. The Test is for free of cost and students can take the test any number of times. We have also provided Self Assessment Mock Tests for Law, Costing and Accounts.

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Sample Questions from the Test:

X Ltd. was incorporated in New York in 2012. In June 2013 it set up a business office in New Delhi. The business office in Delhi manages a auto parts plant set up in March 2014 which started commercial production on 1st June 2014. The company is managed by the Board of Directors based in New York. However, the company has posted a Managing Director for heading its Indian Operations, a CFO & a legal advisor who are all members of a Management Committee which reports to the Board of Directors and works under its supervision. Determine the residential status of X Ltd for the Previous Year 2014-15
Mr. A lets out his house property to Mr. B for a rental of Rs. 20,000/- per month. Mr. B further lets out the house property to Mr. C for a rental of Rs. 30,000/- per month. The income earned by Mr. B will be taxable under which head of income?
An employee instructs his employer to pay a certain portion of his salary to a charity. What will the treatment of such portion of salary?
The surcharge applicable in the case of an individual is:-
In respect of a resident assesse, who is of the age of 60 years or more but less than 80 years at any time during the previous year 2015-16, –
What is the rate of tax applicable to a domestic company for A.Y. 2016-17?
What is the rate of surcharge applicable to a foreign company for A.Y. 2016-17?
The rate of tax applicable to a firm for A.Y. 2016-17 is:
Education cess @ 2% & secondary and higher education cess @ 1% is payable on?
The total income of an artificial juridical person is Rs. 3,10,000. Compute the amount of income tax and surcharge, if any.
What is the basic source of income-tax law?
A domestic company means:
The rates of Income Tax are mentioned in-
Miss Queen, an American national, got married to Mr. Singh of India in USA on 02.03.2015 and came to India for the first time on 16.03.2015. She remained in India up till 19.09.2015 and left for USA on 20.09.2015. She returned to India again on 27.03.2016. Determine her residential status for the A.Y. 2016-17.
What is the tax treatment of salary paid by Central Government to Mr. Jack, a citizen of India, Rs. 7 lakhs for the services rendered outside India?
What is the tax treatment in the hands of the recipient of interest on moneys borrowed from outside India Rs. 5 lakhs by a non-resident for the purpose of business within India?
What is the tax treatment in the hands of the recipient of royalty paid by a resident to a non-resident in respect of business carried on outside India?
Ms. Sapna, a non-resident, residing in Canada since 1990, came back to India on 19-02-2014 for permanent establishment in India. What is the residential status of Ms. Sapna for the A.Y. 2016-17?
Abhishek has stayed in India in the P.Y. 2015-16 for 181 days, and he is a non-resident in 9 out of 10 years immediately preceding the current previous year and he has stayed in India for 365 days in all in the 4 years immediately preceding the current previous year. Find his residential status for the A.Y. 2016-17
Aman was employed in Dabur Ltd. He received a salary of Rs. 60,000 p.m. from 01.04.2015 to 27.09.2015. He resigned and left for Dubai for the first time on 01.10.2015 and got salary equivalent of Rs. 1,20,000 p.m. from 01.10.2015 to 31.03.2016. His salary for October to December 2015 was credited in his Dubai bank account and the salary for January to March 2016 was credited in his Delhi account directly. He is liable to tax in respect of –