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Income Tax Interview Questions

Below we have listed all the Income Tax Interview Questions and answers. Feel free to comment on any Income Tax Interview Questions or answer by the comment feature available on the page.

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View All Income Tax Interview Questions & Answers - Exam Mode / Learning Mode

An income tax is a tax that governments impose on financial income generated by all entities within their jurisdiction. By law, businesses and individuals must file an income tax return every year to determine whether they owe any taxes or are eligible for a tax refund. An income tax is a tax imposed on individuals or entities (taxpayers) that varies with the income or profits (taxable income) of the taxpayer. Details vary widely by jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax or corporate tax. Income tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year.

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Subcategories for Income Tax Interview Questions & Answers :-

Following are sub categories for which Interview Questions & Answers are available under Income Tax Interview Questions & Answers. Please select the appropriate sub-category:-

Assessments under the Income-tax Law Interview Questions & Answers (18) Exam Mode | Learning Mode

Computation Of Income Tax Interview Questions & Answers (15) Exam Mode | Learning Mode

Income Tax for House Property / Rental Income Interview Questions & Answers (31) Exam Mode | Learning Mode

Income Tax for Salaried People Interview Questions & Answers (14) Exam Mode | Learning Mode

Income Tax for Senior Citizens Interview Questions & Answers (9) Exam Mode | Learning Mode

Presumptive Taxation for Businesses Interview Questions & Answers (42) Exam Mode | Learning Mode

Set Off and Carry Forward of Losses Interview Questions & Answers (14) Exam Mode | Learning Mode

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Who all can be considered as my relatives for income tax purposes?
4.5 Rating
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​Am I liable for any criminal prosecution [arrest/imprisonment, etc.] if I don?t file my Income-tax return, even though my income is taxable?
4.4 Rating
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​Who cannot use ITR - 3?
5.0 Rating
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​From where can I take the help of any expert on Income-tax related matters?
3.8 Rating
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​Who can use ITR ? 1 (SAHAJ)?
4.6 Rating
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Under the Income-tax Law is income from animal husbandry conside​​red as an agricultural income?​
4.7 Rating
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Can anyone else sign the tax return form on my behalf?
3.6 Rating
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What are receipts? Are all receipts considered as income?
4.1 Rating
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​Who cannot use ITR - 7?
3.9 Rating
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What documents do I need to file my income tax return?
4.5 Rating
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​Where and how am I supposed to file my return?
4.1 Rating
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​If I have paid Excess Tax how will it be refunded to me?
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​Am I required to keep a copy of the return filed as proof and for how long?
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Who is a resident of India, for the purpose of Income Tax Return Filling?
4.8 Rating
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​How to deposit Self Assessment Tax or Advance tax to the credit of Government?​
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​Who can not use ITR-2A?
3.3 Rating
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​Who cannot use ITR - 4?
3.5 Rating
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What is assessment year? What is the difference between assessment year and previous year?
3.3 Rating
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​What is e-filing utility provided by the Income-tax Department?
4.9 Rating
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Do I need to maintain any records or proof of earnings?
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Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal
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