Rs.1,60,000
Rs.1,30,000
Rs.1,10,000
Rs. 80,000
A. Rs.1,60,000
Such income is earned by that child by applying his/her physical labour,talent or any specialized knowledge
Child is illiterate
Parents are handicapped
the child does not give her consent
13th Oct. 1961
1st April 1961
13th Sept 1961
13th Dec 1961
1st April '05
1st April '06
1st April '07
31st March '06
1922
1961
1860
None of the above
It is an Indian Company
During the previous year it's control and management is situated wholly in India
(a) & (b) both
Any of the above
Interest in default in furnishing return of income
Interest for concealment of particulars
Interest for default in payment of advance tax
None of the above
A person by whom any tax or other sum of money is payable
A person by whom any proceeding under the Act has been taken
A person who is deemed to be an assessee in default under any provision of this Act
All of the above
True
False
The amount of premium paid or Rs.10,000 whichever is higher
The actual amount of premium paid or Rs.10,000 whichever is lower
The actual amount of premium paid or Rs.15,000 whichever is lower
None of the above
True
False
Form 16
Form 26
Form 26A
Form 26Q
Rs. 50,000
Gross Total Income
Rs 1,00,000
None of the above
A businessman whose total turnover is Rs.5,00,001
A charitable trust
Both of the above
None of the above
A Registered Firm
An Unregistered Firm
All of the above
None of the above
One director & Two Members
One President & Seven Members
One Chairman & Six Members
None of the above.
Higher of Municipal Value & Fair Rent
Lower of Municipal Value & Fair Rent
Higher of Municipal Value & Fair Rent subject to maximum of Standard Rent
Any of the above
Rs.150000 & 30000 respectively
Rs.150000 & 120000 respectively
Rs.120000 & 30000 respectively
None of the above.
Income Tax Act 1961
Income Tax Rule 1961
Finance Act
Circular of CBDT
2000-01
2006-07
2005-06
2004-05
Rs.1,60,000
Rs.1,30,000
Rs.1,10,000
Rs. 80,000
Heads
It introduced the concept of "resident but not ordinarily resident"
This Act is still in force in India
Govt to the Central govt.
True
False
Rs. 5,000
50% of total tax assessed
10% of total tax assessed
100% of total tax assessed
Rs.1,00,000
Rs.1,50,000
Rs.50,000
No limit
Income from salary
Income from House Property
Income from Other Sources
Income from Business and Profession
Rs. 1,00,000
Rs. 1,50,000
Rs. 2,00,000
None of the above
Entire income from such property will be clubbed with the income of the transferor
50% of such income will be clubbed
Such income will not be clubbed
None of the above
Income tax is a direct tax
Wealth tax is a central govt. tax
Excise duty is an example of direct tax.
Entry tax is a state govt. tax.
The actual amount of interest
Rs.30,000
Rs 30,000 or Actual amount which ever is lower
Rs.1,50,000
True
False