True
False
B. False
Rs. 5,000
50% of total tax assessed
10% of total tax assessed
100% of total tax assessed
True
False
True
False
A Registered Firm
An Unregistered Firm
All of the above
None of the above
1st April '05
1st April '06
1st April '07
31st March '06
True
False
A businessman whose total turnover is Rs.5,00,001
A charitable trust
Both of the above
None of the above
Within 15 days from the end of the month in which such tax is deducted
Within 30 days from the end of the month in which such tax is deducted
Within 7 days from the end of the month in which such tax is deducted
On the next working day
Individual and HUF
Corporate
Partnership firm
None of the above
Rs.150000 & 30000 respectively
Rs.150000 & 120000 respectively
Rs.120000 & 30000 respectively
None of the above.
True
False
Income from salary
Income from House Property
Income from Other Sources
Income from Business and Profession
The actual amount of interest
Rs.30,000
Rs 30,000 or Actual amount which ever is lower
Rs.1,50,000
One month from the end of each quarter
One week from the end of each quarter
15 days from the end of each quarter
Last day of the quarter
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
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
True
False
1st April '05
1st Sept '05
Any of the above
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.
13th Oct. 1961
1st April 1961
13th Sept 1961
13th Dec 1961
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
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
Rs.1,00,000
Rs.1,50,000
Rs.50,000
No limit
Rs. 50,000
Gross Total Income
Rs 1,00,000
None of the above
Rs.1,000
Rs.1,500
Rs.1,200
None of the above
Income Tax Act, 1961
Income Tax Rules, 1962
Finance Act
Circulars of CBDT
1922
1961
1860
None of the above
Payments received from family income by a member of a HUF
Share of profit received by a partner of a partnership firm.
Any income of an educational institution and hospitals
All 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