MCQs on Income Tax with Answers

Income tax is a very popular term worldwide, mostly in a negative sense because no one wants to pay income tax either directly or indirectly. Commerce background students learn Income Tax as a subject compulsory. Other background candidates or professionals either know or do not know it but they have to face it regularly. Professionals like Finance related professionals, CA, and Income tax officers also have to learn and pass the examinations on Income tax.

Here we prepared the income tax MCQs with answers for the commerce background students for their semester examinations and candidates who want to pass the Income Tax Officers examination. We prepared multiple choice questions on very common topics like Income Tax Law & Computation, Book-Keeping, Allied Laws, etc. Income Tax is a very important subject for various exams like UGC NET, B.Com, M.Com Entrance Exam, and Other Competitive Exams.

Income Tax MCQs Online Text

The income Tax MCQs online test is prepared in a very interactive quiz format. MCQ mock test on taxation is prepared like an online examination format and provided only one minute to solve each question. After one minute time, end and the question will mark as un-attempted.

Here we prepared more than 200 plus MCQs on Taxation with answers that will be helpful for every candidate who looks for the MCQ on income tax for UGC NET, direct tax MCQ with answers, multiple choice questions on principles of taxation, etc. The income Tax MCQs online test will be very helpful for students or candidates who looking for the MCQs on Taxation System in India.

Topics of MCQ on Income Tax

To prepare MCQ on Income Tax we consider the common syllabus of the commerce UG and PG books and the latest government Income tax rules. The common topics of the Income-tax syllabus are listed below.

• Paper –I: Income tax law & computation
• Paper –II: Advanced Accountancy
• Paper –III: Allied laws
• Paper –IV: Income-tax & Accountancy

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Disclaimer: All MCQ on Income Tax questions and answers are prepared carefully but we do not guarantee 100% accuracy so please check the answers yourself also because there is the chance of typo error.