CA Inter Taxation - Income-tax Law MCQ Test 3

House property, the set-off of losses and income from other sources are the themes of this practice test for CA Intermediate Group 1 students preparing for the January 2027 attempt. Eight questions sit in four short case scenarios, and you read the facts before answering the questions attached to each one. It covers Chapter 3 Unit 2: Income from House Property, Chapter 5: Aggregation of Income, Set-off and Carry Forward of Losses, Chapter 3 Unit 5: Income from Other Sources, and Chapter 8: Provisions for Filing Return of Income and Self-Assessment. The situations work out the annual value of a let-out house, the set-off and carry forward of losses, the tax on jewellery received without consideration, and the relief for a payer when a PAN becomes operative. The paper carries 15 marks, the time limit is 30 minutes and there is no negative marking. The law applied is the Income-tax Act 1961 as amended by Finance Act 2025, notifications and circulars up to 30 June 2026, AY 2026-27, stated as at 31 October 2026. Questions are prepared with AI tools and cross-checked by independent solvers; they are not reviewed by a Chartered Accountant.

The paper carries 15 marks and 8 questions, arranged in 4 case scenarios. Seven questions are worth 2 marks each and the last one is worth 1 mark. Each scenario sets out the facts of a situation, and the questions attached to it ask you to apply the Act to those facts. The time limit for the paper is 30 minutes and there is no negative marking.

Most questions carry 2 marks and the last question carries 1 mark, which brings the paper to 15 marks. There is no negative marking, so a wrong answer costs you nothing. In exam mode the paper is timed and marked once at the end of the attempt, and the result screen carries your score for each question.

The test covers Chapter 3 Unit 2: Income from House Property, Chapter 5: Aggregation of Income, Set-off and Carry Forward of Losses, Chapter 3 Unit 5: Income from Other Sources, and Chapter 8: Provisions for Filing Return of Income and Self-Assessment. The scenarios are drawn from these areas, and the questions test the conditions and the limits that apply to the facts given.

The questions apply the Income-tax Act 1961 as amended by Finance Act 2025, notifications and circulars up to 30 June 2026, for assessment year 2026-27. The law and rules are stated as at 31 October 2026. This is a practice test by HeyArtha for CA Intermediate Group 1 students preparing for the January 2027 attempt, and it is not issued by or affiliated with ICAI.

The questions are application-based. One scenario gives the details of a let-out house, including municipal value, fair rent, standard rent, rent received, municipal taxes paid and interest on the loan, and asks for the annual value, the net annual value and the income chargeable. Another works through the set-off of a house-property loss and a business loss and the effect of a belated return. The remaining scenarios deal with income from other sources and with relief for a payer.

Yes. Practice mode has no timer and shows the explanation for every answer as you work through the paper, including the working behind the numerical options. Exam mode is the timed version of the same paper, marked once at the end, and it gives you a certificate that carries your name and your score.

No. There is no sign-up and no payment, and nothing about a student is stored on a server. You open the paper and start answering. Every question on the result screen carries a Report a mistake button, so you can flag a question if you think the law or the figures do not match the source material.

Read each scenario as a working problem rather than as a list of facts. Write out the computation the question asks for before you look at the options, because the options often differ by a single step, such as the threshold or the rate that applies. The paper is a practice test by HeyArtha for CA Intermediate Group 1 students, and it is not issued by or affiliated with ICAI.