by DeepWebLabs
CUET-PG SERIES
Commerce

Income Tax Law And Accounts

11 previous year questions.

Volume: 11 Ques
Yield: Medium

High-Yield Trend

7
2025
4
2024

Chapter Questions
11 MCQs

01
PYQ 2024
medium
commerce ID: cuet-pg-
Long-term capital gain is not exempted in which of the following cases?
1
Transfer of a residential house and investment in one residential house
2
Transfer of agricultural lands
3
Compulsory acquisition of land and building of industrial undertakings
4
Transfer of assets
02
PYQ 2024
medium
commerce ID: cuet-pg-
According to the Income Tax Act, 1961, an Assessee in default is a person who:
1
Is deemed to be an assessee for some other person
2
A person who has failed to fulfill statutory obligations as per the Income Tax Act
3
Is the person liable to pay income tax during an assessment year
4
Is the person by whom any tax or other sum of money is payable under this Act
03
PYQ 2024
medium
commerce ID: cuet-pg-
Which among the following is a demerit of direct tax?
1
Certainty
2
Equity
3
Arbitrary
4
Elasticity and productivity
04
PYQ 2024
medium
commerce ID: cuet-pg-
Under the Income Tax Act, 1961, a Hindu Undivided Family (HUF) consists of the following except:
1
All persons lineally descended from a common ancestor and includes their wives
2
Unmarried daughters
3
A stranger who has been residing with the family for 10 years
4
Head of the HUF ”Karta”
05
PYQ 2025
medium
commerce ID: cuet-pg-
Which of the following statements is incorrect?
1
Tax planning promotes professionalism and strengthens economic conditions
2
Tax planning is within the legal purview
3
Tax evasion is a legal offence which may result in prosecution
4
Tax avoidance is unlawful
06
PYQ 2025
medium
commerce ID: cuet-pg-

Match List-I with List-II:

1
(A) (II), (B) (1), (C) (III), (D) (IV)
2
(A) (II), (B) (III), (C) (1), (D) (IV)
3
(A) (II), (B) (1), (C) (IV), (D) (III)
4
(A) (IV), (B) (III), (C) (1), (D) (II)
07
PYQ 2025
medium
commerce ID: cuet-pg-
Which of the following statements are correct? (A). A proportional income tax is an automatic stabiliser.
(B). An increase in autonomous spending raises the equilibrium level of income.
(C). As the marginal propensity to consume gets larger, the lower the multiplier will be.
(D). A reduction in transfer payments lowers the output.
1
(A), (B) and (D) only
2
(A), (B) and (C) only
3
(B), (C) and (D) only
4
(A), (B), (C) and (D)
08
PYQ 2025
medium
commerce ID: cuet-pg-
Which of the following is not a part of the Circular flow of Income in a closed economy?
1
Firms
2
Households
3
Government
4
Foreign Institutional Investors
09
PYQ 2025
medium
commerce ID: cuet-pg-
Which of the following statements are true? (A) Agricultural income earned in India is exempted from tax
(B) Scheme of partial integration is available for individual, HUF, AOP, BOI or artificial judicial person
(C) For partial integration, net agricultural income of the individual assessee during the previous year should not exceed Rs. 5000
(D) For partial integration, non-agricultural taxable income should exceed the exemption limit
1
(A), (B) and (C) only
2
(A), (B) and (D) only
3
(A), (B), (C) and (D)
4
(A), (C) and (D) only
10
PYQ 2025
medium
commerce ID: cuet-pg-


1
(A) (II), (B) (IV), (C) (I), (D) (III)
2
(A) (II), (B) (IV), (C) (III), (D) (I)
3
(A) (IV), (B) (I), (C) (III), (D) (II)
4
(A) (IV), (B) (I), (C) (II), (D) (III)
11
PYQ 2025
easy
commerce ID: cuet-pg-

Match List-I with List-II:

1
(A) (II), (B) (1), (C) (III), (D) (IV)
2
(A) (II), (B) (III), (C) (1), (D) (IV)
3
(A) (II), (B) (1), (C) (IV), (D) (III)
4
(A) (IV), (B) (III), (C) (1), (D) (II)