Challenge your Tax Compliance skills: Take our assessment test

Would you like to leverage Tax Compliance to achieve impactful results in your organization? Take our free Tax Compliance Assessment Test, and evaluate your team's proficiencies and scope for growth.

Test Duration: 30 mins |
No of questions: 40 |
Level of experience: Beginner/Intermediate/Expert

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Tax Compliance Online Test Summary

Tax Compliance tests by Elite Learning is a scientifically designed assessment by our subject experts. This test evaluates an individual's skills and knowledge in Tax Compliance . Employers can use the results to evaluate candidates proficiency in Tax Compliance and make informed hiring decisions. Additionally individuals can use their test results to identify areas where they need to improve their skills and knowledge in Tax Compliance .

Topics Covered In Tax Compliance

Introduction to taxation

Structure

taxable and exempt incomes

set-offs

Income tax

Taxation of salaried income

Taxation of capital gains

Tax planning for firms

HUFs and AOPs

Corporate taxation

Tax audit and accounting for income tax

Wealth Tax and other direct taxes

Direct tax code

Indirect taxes

Service tax

Tax planning with reference to nature of business

Miscellaneous

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Sample Questions for Tax Compliance are:

Q. On which of the following expense you can not save tax?

A. Medical expenses of disabled dependent

B. Expenses for a disabled individual

C. Treatment of specified diseases

D. none of the above

Q. Under Section 80D, a taxpayer can claim the following amounts as deductions: (A) Avail up to Rs25,000 on the premium paid towards health insurance for self, children, or spouse (B) Avail up to Rs1,00,000 if your parents are also covered under your health insurance plan (C) If either of your parents belongs to the senior citizen bracket, then a maximum deduction of Rs 75,000 is allowed

A. A ONLY

B. B AND C

C. A AND C

D. A, B AND C

Q. What is Break even analysis?

A. Break even analysis points to the returns provided and realised by an investor on his investment over a given timeframe.

B. Break even analysis seeks to encourage corporations to adopt eco-friendly technologies.

C. It is a psychological phenomenon where an individual gives greater importance to recent events as compared to what had happened before.

D. Break-even analysis informs the decision maker as to how many units of a product must be sold to cover the fixed and variable costs of production.

Q. Under which section of Income tax act Individuals can avail tax benefits on house property ?

A. Section 80D

B. Section 80C

C. Section 24

D. Section 25

Q. Lalit Traders have gross receipts of Rs 1.5 Crore for FY 2017-18 and do not maintain books of accounts. Lalit traders have opted for presumptive taxation. During the year Lalit Traders received Rs. 70 Lakhs through non-digital transactions (cash payments) and Rs. 80 Lakhs through digital transactions. What will be the income under the head business and profession?

A. 150,00,000

B. 15,00,000

C. 10,00,000

D. 10,40,000

Top Job Roles that need Tax Compliance are:

Accountant

Auditing Manager

Certified Public Accountant (CPA)

Chartered Accountant

Finance Director

Finance Manager

Financial Accountant

Senior Accountant

Senior Finance Manager

Senior Tax Accountant

Senior Tax Analyst

Senior Tax Associate

Senior Tax Manager

Tax Accountant

Tax Analyst

Tax Compliance Manager

Tax Associate

Tax Director

Tax Consultant

Tax Preparer

Tax Specialist

Tax Manager

Finance & Administration Manager

Chief Financial Officer (CFO)

Vice President (VP) Finance & Chief Financial Officer (CFO)

Chief Accountant

Senior Tax Consultant

Account Executive

Assistant Account Manager

Senior Account Executive

Account Manager

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Top Related Skills to Tax Compliance are:

internal audit

accounts receivable

tax preparation

valuation

accounting - india

cash handling

accounting

cash flow management

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Frequently Asked Questions(FAQ)

The questions in the Tax Compliance online test will be multiple choice and may cover topics such as Introduction to taxation,Structure, taxable and exempt incomes, set-offs,Income tax,Taxation of salaried income,Taxation of capital gains,Tax planning for firms, HUFs and AOPs,Corporate taxation,Tax audit and accounting for income tax,Wealth Tax and other direct taxes,Direct tax code,Indirect taxes,Service tax,Tax planning with reference to nature of business,Miscellaneous

You can use the 18 hrs of learning content including 100 videos available on the EliteLearning platform to prepare for the Tax Compliance online test.

Tax Compliance test on the EliteLearning platform is an online proctored assessment and requires you to complete the test without any external help.

This test evaluates an individual's skills and knowledge of Tax Compliance. It can also be useful for identifying areas that you need to improve upon, as well as for preparing for job interviews or certification exams in Tax Compliance.

Yes, these tests can be used to demonstrate your knowledge and skills in Tax Compliance for certification or job interviews. Job roles such as Accountant,Auditing Manager,Certified Public Accountant (CPA),Chartered Accountant require Tax Compliance as a primary skill set

Yes. You can take the Tax Compliance online test for free as part of the EliteLearning free plan.