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CA Intermediate Taxation - DT Ch 07: Income from Other Sources MCQ tests

Group 1May 2027 attempt40 marks45 minutesNo negative marking

Chapters covered

Practice tests

Answer keys

Every question with the correct answer, the working behind it and the authority it rests on.

About this paper

Chapter-wise practice tests for Chapter 3 Unit 5: Income from Other Sources (IFOS) for CA Intermediate Paper 3 Taxation (May 2027 attempt). Focuses on deemed gifts & inadequate consideration u/s 56(2)(x) (money, immovable property, movable property, relatives exemption), dividend taxation, casual income (lottery, betting, online gaming u/s 115BBJ), interest on securities/compensation, and deductions admissible u/s 57.

Tests here: 3 tests, 60 questions in all, 20 questions in 14 case scenarios in each test, 45 minutes and 40 marks each, no negative marking. After you submit you see your score, a chapter-wise and difficulty-wise breakdown, and an explanation for every question.

Law and standards used: Income-tax Act, 2025 (as incorporated in ICAI Study Material for May 2027); Income-tax Act, 1961 as amended by Finance Act applicable for May 2027; ICAI CA Intermediate Study Material (May 2027 Examination).

Questions people ask

What is the pattern of this chapter-wise test series for Taxation - DT Ch 07: Income from Other Sources?

Each test contains 20 questions totaling 40 marks in 45 minutes, strictly following ICAI New Scheme case scenarios and analytical MCQs with 2 marks per question and no negative marking.

Which syllabus and study material apply to these questions?

The questions are strictly mapped to the June/July 2026 ICAI Study Material for CA Intermediate Paper 3 Taxation, governed by the Finance Act 2026 (AY 2027-28 for Income Tax; CGST/IGST circulars up to October 2026 for GST) for the May 2027 examination attempt.

Can I sit these tests in both exam and practice modes?

Yes. Practice mode offers immediate statutory feedback, section citations, and trap explanations after each question. Exam mode simulates real exam pressure with a live timer and issues a downloadable performance certificate.

Practice test by HeyArtha. Not issued by or affiliated with ICAI.