Scope of Total Income MCQs

Total income is computed on the basis of:

• Assessment year

• Previous year

• Financial year

• Calendar year

Scope of total income depends on:

• Age of the assessee

• Residential status of the assessee

• Nationality of assessee

• Employment type

Income which accrues or arises outside India and also received outside India is taxable in case of:

• ROR

• RNOR

• Non-resident

• None of these

Agricultural income from land in India is:

• Fully exempt for all

• Partially taxable

• Fully taxable for non-residents

• Taxable under business income

Income deemed to accrue or arise in India is taxable for:

• Only residents

• RNOR only

• All categories of assessees

• Only ROR

Salary earned in India but received abroad is taxable for:

• ROR only

• RNOR only

• NR only

• All assessees

Income received in India is taxable for:

• Only ROR

• Only residents

• All assessees

• Only NR

Income from business controlled from India but earned outside India is taxable for:

• Only ROR

• ROR and RNOR

• ROR, RNOR and NR

• ROR and NR

Foreign income of a Non-resident is:

• Fully taxable

• Partially taxable

• Fully exempt

• Taxable under business head

Dividend received from a foreign company by ROR is:

• Exempt

• Taxable in India

• Taxable abroad

• Partially exempt