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11th Standard English Medium Commerce Subject Direct Taxes Book Back 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5
  1. Income Tax is ___________

    (a)

    a business tax

    (b)

    a direct tax

    (c)

    an indirect tax

    (d)

    none of these

  2. Period of assessment year is ________.

    (a)

    1st April to 31st March

    (b)

    1st March to 28th Feb

    (c)

    1st July to 30th June

    (d)

    1st Jan to 31st Dec.

  3. The year in which income is earned is known as _____.

    (a)

    Assessment year 

    (b)

    Previous year

    (c)

    Light year 

    (d)

    Calender year

  4. The aggregate income under five heads is termed as _______.

    (a)

    Gross Total Income

    (b)

    Total Income

    (c)

    Salary Income

    (d)

    Business Income

  5. Agricultural income earned in India is ______.

    (a)

    Fully Taxable

    (b)

    Fully Exempted

    (c)

    Not considered for Income

    (d)

    None of the above

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