CA Intermediate Indirect Taxes Test series-5

Test Preparation on CA Intermediate Indirect Taxes Test series-5

1.

A person includes:

1Only Individual
2Only Individual and HUF
3Individuals, HUF, Firm, Company only
4Individuals, HUF, Company, Firm, AOP or BOI, Local Authority, Every Artificial Juridical Person

2.

Every assessee is a person, and

1every person is also an assessee
2every person need not be an assessee
3an individual is always an assessee
4A HUF is always an assessee

3.

Describe the status of the following person (i.e. individual, HUF, Firm, Company etc.)

X and Y are legal heirs of Z. Z died in 2014 and X and Y carry on his business without entering into a partnership.

1Firm
2Limited Liability Partnership
3Company
4Body of Individual

4.

Assessment year can be a period of:

1only more than 12 months
212 months and less than 12 months
3only 12 months
412 months and more than 12 months

5.

The year in which income is taxable is known as...................... and the year in which income is earned is known as.........................

1Previous year, Assessment year
2Assessment year, Previous year
3Assessment year, Assessment year
4Previous year, Previous year

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