This document contains multiple choice questions related to clubbing of income provisions under the Indian Income Tax Act. Some key topics covered include the sections dealing with clubbing of minor children's income, revocable transfers of assets, and tax treatment of income from properties held under a benami arrangement.

1. By G. Sangeetha

3.  . Revocable transfer of assets has been defined under
sec……
A) Sec 51
B) Sec 61
C) Sec 71
D) None of the above
 In order to curb tax avoidance practices, some necessary
clubbing provision have been incorporated u/s …..
A) 60 to 64
B) 50 to 54
C) 70 to 74
D) None of the above
 Inclusion of others incomes in the income of the assessee
is known as…
A) Inclusion of income
B) Other income
C) Clubbing of income
D) None of the above

4.  Clubbing of income of minor child has been defined
under section….
A) Sec 64(1A)
B) Sec 74(1A)
C) Sec 64(1B)
D) None of the above
 Exemption to parent comes u/s….
A) Sec 10(31)
B) Sec 10(32)
C) Sec 10(33)
D) None of the above
 Amounting to Rs. …. Is exemption in respect to each
minor child under clubbing and aggregation of
income
 A) 2500
B) 1500
C) 3500
D) None of the above

5.  The person on whose name the property has been
purchased is known as …… and the property is
known as……
A) Benamidar, Benami property
B) Ostensible owner, own property
C) Benami, footpath
D) None of the above
 Clubbing provision are applicable for
A) HUF
B) Individual
C) Firms
D) None of the Above
 Clubbing provision are applicable in case of
 A) Positive income
B) Negative income
C) Both
D) None of the above

6.  In case parent are separated, then the income
of minor will be included in the income of
 A) Mother
B) Father
C) That parent who maintain the minor
D) None of the Above
 In case parent are not separated, then the
income of minor will be included in the
income of
A) Mother
B) Father
C) That parent who income is greater
D) None of the Above

7. A) Ram
B) Sita
C) Ram & Sita Proportionately
D) Sita taxable upto an extend and remaining in the hands of Ram
A) He alone or along with his relatives owns beneficially, equity
shares carrying not less than 30% of voting power at any time
during the PY
B) He alone or along with his relatives owns beneficially, equity
shares carrying not less than 25% of voting power at any time
during the PY
C) He alone or along with his relatives owns beneficially, equity
shares carrying not less than 20% of voting power at any time
during the PY

8. A) Taxable in the hands of the father of minor
B) Taxable in the hands of minor
C) Taxable in the hands of either of the parents of minor whose
income before including minor’s income is higher
D) Taxable in the hands of husband of such minor
A) Transferor
B) Transferee
C) Both A & B
D) Neither A Nor B