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CMA Final Paper 15 Practice Questions - CMA Final Paper 15 Direct Tax Laws and International Taxation (DIT) Exam

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About this Exam

Prepare with the CMA Final Paper 15 Practice Questions - CMA Final Paper 15 Direct Tax Laws and International Taxation (DIT) Exam practice quiz. This question bank includes 100 questions covering section, income, company, rate, and return. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
A resident domestic company opts for the concessional tax regime under Section 115BAA for AY 2025-26. What is the effective tax rate (including surcharge and health & education cess)?
25.168%
30.00%
17.16%
34.944%
Question 2
Under Section 115BAB, a new domestic manufacturing company set up and registered on or after 1 October 2019 and commencing manufacturing by 31 March 2024 is taxed at what base rate on its eligible manufacturing income?
22%
15%
25%
30%
Question 3
Income earned by a non-resident from operating ships under Section 44B is computed on a presumptive basis as what percentage of the specified receipts?
5%
10%
7.5%
20%
Question 4
For a partnership firm assessed under the Income-tax Act for AY 2025-26, what is the rate of income tax (before surcharge and cess) on its total income?
25%
Slab rates applicable to individuals
22%
30%
Question 5
Remuneration paid to working partners of a firm is deductible under Section 40(b) only if it is authorised by the partnership deed and within the prescribed limits. On the first Rs. 6,00,000 of book profit (or in case of loss), the maximum deductible remuneration (per Finance Act, 2024 limits) is:
90% of book profit or Rs. 1,50,000, whichever is higher
Rs. 1,50,000 or 90% of book profit, whichever is lower
60% of book profit
Rs. 3,00,000 fixed

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Additional Information

CMA Final Paper 15 Practice Questions - CMA Final Paper 15 Direct Tax Laws and International Taxation (DIT) Exam

This practice set contains 100 questions from the matching question bank and focuses on section, income, company, rate, and return. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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