Acceleration of income will not be clubbed with the income of the assessee who transfers such income to some other person.

A. True

B. False

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  1. The rates of income tax are specified in
  2. A company is considered to be resident if
  3. Which one of the following taxes is not levied by the State Government?
  4. The Income Tax Act 1961 came into force on
  5. If a self occupied property is converted into HUF property without adequate consideration then
  6. Assessment year 2006-07 commenced on
  7. The apex body of Income Tax Department. is
  8. PAN is necessary for the following assessees -
  9. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  10. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  11. Sec. 234A deals with
  12. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  13. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  14. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  15. TDS, in case of salary should be deposited within
  16. Tax' is imposed on a person by
  17. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  18. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  19. According to Section 2(7) of Income Tax Act "Assessee" means
  20. No interest is available if the amount of refund of income tax paid is less than
  21. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  22. Contribution to superannuation fund is
  23. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  24. If both parents are earning then income of a minor child will be clubbed with
  25. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  26. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  27. The TDS Certificate issued by an employer to his employees in case of salary income is
  28. House Rent Allowance is exempt from tax
  29. The income of previous year of an assessee is taxed during the following assessment year
  30. Every employer should pay fringe benefit tax within