CA Final Basic Concepts — practice questions
25 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Final Basic Concepts in the app →Under Article 265 of the Constitution, no tax shall be levied or collected except by:Entry 82 of the Union List empowers Parliament to make laws on taxes on:Which is NOT a separate 'person' under Section 2(31)?Income-tax for an AY is charged at rates prescribed by:Previous year for a business newly set up during the financial year is:Surcharge on income-tax for individual with total income Rs. 60 lakhs (default regime) is:Health and Education Cess rate is:Income of previous year is assessed in the AY EXCEPT in case of:'Assessee' under Section 2(7) includes:Non-resident receives interest of Rs. 5 lakhs from US source while staying in USA. This income is:Diversion of income by overriding title means:Maximum marginal rate under Section 2(29C) means:Salary by Indian citizen as Government employee for service abroad is:AOP formed for Diwali bash is assessed:Surcharge on LTCG under Section 112A is capped at:Foreign company under Section 2(23A) is defined as:Basic exemption for resident senior citizen (60-79) under OLD regime is:Section 115BAC default regime basic exemption is:Which deduction IS available under Section 115BAC?Substantial interest in a company under Section 2(32) means:Charging section for income-tax is:Section 14 classifies income under how many heads?Rebate under Section 87A under default regime is available up to:Marginal relief from surcharge applies when:'Specified person' for higher TDS under Section 206AB is one who: