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

A. True

B. False

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  1. The income of previous year of an assessee is taxed during the following assessment year
  2. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  3. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  4. Any receipt of casual and non-recurring nature is known as casual income
  5. The rates of Income Tax are specified in
  6. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  7. TDS, in case of salary should be deposited within
  8. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  9. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  10. PAN is necessary for the following assessees -
  11. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  12. The aggregate amount of deductions under chapter VI-A can not exceed
  13. For a senior citizen the amount of deduction U/s 80D available is
  14. The term "Person" includes
  15. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  16. Expected Rent can be determined in the following way
  17. House Rent Allowance is exempt from tax
  18. Which of the following income is / are exempt from tax?
  19. Tax on fringe benefit has been introduced from the assessment year
  20. Which of the following statements is incorrect?
  21. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  22. Contribution to superannuation fund is
  23. Income of a minor will not be clubbed with his/her parent's income if
  24. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  25. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  26. Income Tax Act 1922 is a "milestone" because
  27. The Income Tax Act 1961 came into force on
  28. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  29. The TDS Certificate issued by an employer to his employees in case of salary income is
  30. No interest is available if the amount of refund of income tax paid is less than