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