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Any receipt of casual and non-recurring nature is known as casual income

A. True

B. False

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  1. Income Tax Act 1922 is a "milestone" because
  2. Any receipt of casual and non-recurring nature is known as casual income
  3. The apex body of Income Tax Department. is
  4. If a self occupied property is converted into HUF property without adequate consideration then
  5. The first income tax act was introduced in the year
  6. The Income Tax Act 1961 came into force on
  7. The TDS Certificate issued by an employer to his employees in case of salary income is
  8. PAN is necessary for the following assessees -
  9. No interest is available if the amount of refund of income tax paid is less than
  10. The term "Person" includes
  11. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  12. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  13. Tax on fringe benefit has been introduced from the assessment year
  14. Income of a minor will not be clubbed with his/her parent's income if
  15. The aggregate amount of deductions under chapter VI-A can not exceed
  16. Expected Rent can be determined in the following way
  17. The rates of income tax are specified in
  18. Tax' is imposed on a person by
  19. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  20. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  21. The Income Tax Act, which is still in force in India, was enforced in
  22. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  23. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  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. Assessment year 2006-07 commenced on
  27. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  28. Sec. 234A deals with
  29. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  30. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include