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100+ Free CS Executive Tax Laws Practice Questions

ICSI CS Executive Paper 7: Tax Laws and Practice practice questions are available now; exam metadata is being verified.

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Goods and Services Tax (GST) in India is levied under the authority of which Constitutional Amendment?

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2026 Statistics

Key Facts: CS Executive Tax Laws Exam

100

Total Marks

ICSI CS Executive Syllabus 2022

3 hours

Duration

ICSI Examination Pattern

20% / 80%

Objective / Descriptive

ICSI New Syllabus 2022

60 / 40

Direct / Indirect Tax Marks

ICSI Tax Laws and Practice Syllabus

40% / 50%

Paper / Aggregate Pass Marks

ICSI Examination Rules

ICSI CS Executive Paper 7, Tax Laws and Practice (new syllabus 2022), is a 100-mark, 3-hour offline paper with about 20% case-based objective/MCQ and 80% descriptive questions and no negative marking. Part A covers Direct Tax (Income-tax) for roughly 60 marks and Part B covers Indirect Tax, GST and Customs, for roughly 40 marks. Passing requires a minimum of 40% in the paper and 50% in the module aggregate. This free prep provides 100 MCQs with explanations across both parts, aligned to the current syllabus and Finance Act amendments.

Sample CS Executive Tax Laws Practice Questions

Try these sample questions to test your CS Executive Tax Laws exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under the Income-tax Act, 1961, what is the definition of 'previous year' for an assessee?
A.The year in which income is earned
B.The year in which income is assessed to tax
C.Any 12-month period chosen by the assessee
D.The calendar year preceding the assessment year
Explanation: Section 3 defines 'previous year' as the financial year in which income is earned. It is the uniform period of 12 months ending on 31st March in which income accrues, and that income is taxed in the immediately following assessment year.
2Income earned during the previous year 2025-26 is chargeable to tax in which assessment year?
A.2027-28
B.2024-25
C.2025-26
D.2026-27
Explanation: The assessment year is the financial year immediately following the previous year. Income of previous year 2025-26 (1 April 2025 to 31 March 2026) is assessed in assessment year 2026-27.
3Which of the following is NOT included in the definition of 'person' under Section 2(31) of the Income-tax Act, 1961?
A.A Hindu Undivided Family (HUF)
B.An Association of Persons (AOP)
C.A local authority
D.A specific movable asset
Explanation: Section 2(31) lists seven categories of 'person': individual, HUF, company, firm, AOP/BOI, local authority, and every artificial juridical person. A movable asset is property, not a 'person' capable of being assessed.
4An individual is said to be a resident in India for a previous year if he stays in India for at least how many days during that previous year (basic condition under Section 6)?
A.365 days
B.60 days
C.90 days
D.182 days
Explanation: Under Section 6(1), an individual is resident if present in India for 182 days or more in the previous year, OR 60 days in the previous year plus 365 days or more in the preceding four years. Satisfying any one basic condition makes him resident.
5To qualify as 'Resident and Ordinarily Resident' (ROR), an individual must satisfy a basic condition AND which additional conditions under Section 6(6)?
A.Resident in at least 2 of the 10 preceding years and present 730 days or more in the 7 preceding years
B.Resident in all 10 preceding years
C.Present in India for 182 days in each of 7 preceding years
D.Resident in at least 5 of the 10 preceding years
Explanation: Under Section 6(6), an individual is ROR only if he is resident in at least 2 of the 10 previous years preceding the relevant year AND has been in India for 730 days or more during the 7 preceding previous years. Failing either makes him Resident but Not Ordinarily Resident.
6For a Resident and Ordinarily Resident, which of the following income is taxable in India?
A.Only income from Indian companies
B.Only income received in India
C.Only income that accrues in India
D.Global income, whether earned in India or outside India
Explanation: Under Section 5, the scope of total income of an ROR includes all income that accrues, arises, is received, or is deemed to accrue/arise/be received anywhere in the world. ROR is taxed on global income.
7A non-resident is chargeable to tax in India in respect of which of the following?
A.Income from foreign sources only
B.All foreign business income
C.Global income from all sources
D.Income that accrues or arises, or is received, or is deemed to accrue/arise in India
Explanation: Under Section 5(2), a non-resident is taxed only on income received or deemed received in India and income that accrues/arises or is deemed to accrue/arise in India. Foreign income with no India nexus is outside the charge.
8How many heads of income are recognised under Section 14 of the Income-tax Act, 1961?
A.Six
B.Seven
C.Four
D.Five
Explanation: Section 14 classifies income under five heads: Salaries; Income from House Property; Profits and Gains of Business or Profession; Capital Gains; and Income from Other Sources. All income must be computed under one of these heads.
9Which of the following relationships is essential for income to be taxable under the head 'Salaries'?
A.Partner and firm
B.Lender and borrower
C.Principal and agent
D.Employer and employee
Explanation: Income is taxable under 'Salaries' only where an employer-employee (master-servant) relationship exists. Remuneration to a partner from a firm, or to an agent, is not salary but is taxed under business/profession or other sources.
10Under the new tax regime (Section 115BAC, default from AY 2024-25), what is the standard deduction available to salaried individuals for AY 2026-27?
A.No standard deduction is allowed
B.Rs. 40,000
C.Rs. 50,000
D.Rs. 75,000
Explanation: From AY 2024-25 the standard deduction under Section 16(ia) was increased to Rs. 75,000 for salaried taxpayers and pensioners opting for the default new regime under Section 115BAC. Under the old regime it remains Rs. 50,000.

About the CS Executive Tax Laws Practice Questions

Verified exam format metadata for ICSI CS Executive Paper 7: Tax Laws and Practice is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.