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CMA Inter Paper 7 (DITX) Practice Questions - ICMAI CMA Intermediate Paper 7 Direct and Indirect Taxation (DITX) Exam

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About this Exam

Prepare with the CMA Inter Paper 7 (DITX) Practice Questions - ICMAI CMA Intermediate Paper 7 Direct and Indirect Taxation (DITX) Exam practice quiz. This question bank includes 100 questions covering section, income, individual, year, and resident. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
Under the Income-tax Act, 1961, income earned during a Previous Year is generally charged to tax in which year?
The same Previous Year
The immediately following Assessment Year
Any year chosen by the assessee
The preceding Assessment Year
Question 2
Which section of the Income-tax Act, 1961 is the charging section that levies income tax for an assessment year?
Section 4
Section 2
Section 14
Section 10
Question 3
An individual is treated as 'resident' in India for a previous year if he is in India for at least:
60 days in the previous year only
182 days in the previous year; or 60 days in the PY and 365 days in the preceding 4 years
90 days in the previous year
150 days in the previous year
Question 4
A Resident individual becomes 'Resident and Ordinarily Resident' (ROR) only if he additionally satisfies that he was resident in India in at least:
2 out of 10 preceding years and 730 days in 7 preceding years
5 out of 7 preceding years
All 10 preceding years
1 out of 5 preceding years
Question 5
Income which accrues or arises outside India and is also received outside India is taxable in India for which category of assessee?
Resident and Ordinarily Resident (ROR) only
Non-Resident only
All assessees regardless of residential status
Resident but Not Ordinarily Resident (RNOR) only

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Additional Information

CMA Inter Paper 7 (DITX) Practice Questions - ICMAI CMA Intermediate Paper 7 Direct and Indirect Taxation (DITX) Exam

This practice set contains 100 questions from the matching question bank and focuses on section, income, individual, year, and resident. 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.

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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