CA Intermediate Paper 3

Taxation (MTP & RTP Questions)

26 Questions from ICAI Mock Test Papers

Questions

26

Est. Time

52 min

Source

ICAI MTPs

Sample Questions: Income Tax

Preview 3 of 26 questions from ICAI MTPs

1. What is the residential status of HUF for the A.Y. 2025-26? (HUF is managed outside India and all decisions regarding the HUF are made outside India. The Karta comes on visit to India for 6 months eve...

A) Resident and ordinarily resident
B) Resident but not ordinarily resident
C) Non-resident ✓
D) Deemed resident

2. Determine the taxability of gift received from father's sister (Rs. 51,000) and cash gifts from friends who are non-residents (Rs. 27,000) for A.Y. 2025-26?...

A) Rs. 51,000 exempt (relative), Rs. 27,000 not taxable (from non-residents)
B) Rs. 51,000 taxable (father's sister not relative), Rs. 27,000 taxable (total gif...
C) Rs. 51,000 exempt (relative), Rs. 27,000 taxable (cash from non-residents)
D) Rs. 51,000 exempt (relative), Rs. 27,000 not taxable (does not exceed Rs. 50,000... ✓

3. What would be the amount of deduction under Chapter VI-A available to Mrs. Ritu (aged 83, retired govt employee) for A.Y. 2025-26? She paid LIC premium Rs. 1,00,388 (sum assured Rs. 9,84,655) for son ...

A) Rs. 2,05,466 ✓
B) Rs. 2,08,466
C) Rs. 2,07,388
D) Rs. 2,18,466