1.

Source rule of taxation provides that income is to be taxed

a. In the country of residence of taxpayer
b. In the country in which such income Originates
c. Both a and b
d. None of the above

2. Double taxation relief could be

a. Bilateral relief
b. Unilateral relief
c. Multilateral relief
d. Both a and b

3. Bilateral relief could be provided by way of

a. Credit method
b. Exemption method
c. Both a and b
d. None of the above
4. Double taxation relief for incomes taxed in the countries with which no agreement exists is
governed by
a. Section 91
b. Section 89
c. Section 93
d. None of the above
5. Releif under section 91 can be granted to
a. Resident
b. Non Resident
c. Resident and Non Resident
d. None of the above
6. As per Article 5 of DTAA ----------------are instances of permanent establishment.
a. Place of management
b. Branch
c. Factory
d. All of the above
7. According to section 90(2A) the provisions of chapter X A of the Act shall apply to the
assesse--------------
a. Even if such provisions are not beneficial to him
b. Even if such provisions are not applicable to him
c. Only if such provisions are not beneficial to him
d. For 5 years

8. Income accruing from agriculture in a foreign country is taxable in the case of an assesee
who is
a. Resident
b. Not ordinarily Resident
c. Non resident
d. None of the above
9. Foreign income received in India During the previous year is taxable in the case of
a. Resident
b. Not ordinarily Resident
c. Non resident
d. All of the above

10. A foreign Institution Investor (FII) has total Income which includes short term capital gains
on sale of preference shares of Rs. 50 lakhs . The rate of tax for charging such income to tax
is:
a. 10%
b. 15%
c. 30%
d. 40%