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

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. Income Tax is levied by ______.

    (a)

    Local Authority

    (b)

    State Government

    (c)

    Central Government

    (d)

    All of the above

  2. Income Tax was passed in the year ______.

    (a)

    1959

    (b)

    1960

    (c)

    1962

    (d)

    1961

  3. The number of major heads of income under Indian Income Tax Act are ______.

    (a)

    2

    (b)

    3

    (c)

    4

    (d)

    5

  4. The person who has to pay tax or other sum of money payable under Income Tax Act is called as ______.

    (a)

    An Assessee

    (b)

    A Client

    (c)

    A Debtor

    (d)

    A Creditor

  5. The persons responsible for the assessment of income of other persons are called as ______.

    (a)

    Assessee - in - default

    (b)

    Deemed assessee

    (c)

    Ordinary assessee

    (d)

    Assessee in due course

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