Income of parent having higher income
Proportionately with both parent's income
Income of parent having lower income
None of the above
A. Income of parent having higher income
Finance Ministry of Central Govt.
Central Govt. of India.
CBDT
Dept. of Revenue
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
Rs.150000 & 30000 respectively
Rs.150000 & 120000 respectively
Rs.120000 & 30000 respectively
None 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
Individual and HUF
Corporate
Partnership firm
None of the above
True
False
2000-01
2006-07
2005-06
2004-05
A businessman whose total turnover is Rs.5,00,001
A charitable trust
Both of the above
None of the above
True
False
Resident
Not Ordinarily Resident
Non Resident
All of the above.
True
False
1918
1861
1860
1886
Rs. 1,00,000
Rs. 1,50,000
Rs. 2,00,000
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.
Rs. 50,000
Gross Total Income
Rs 1,00,000
None of the above
Income Tax Act, 1961
Income Tax Rules, 1962
Finance Act
Circulars of CBDT
True
False
13th Oct. 1961
1st April 1961
13th Sept 1961
13th Dec 1961
True
False
Form 16
Form 26
Form 26A
Form 26Q
Entertainment tax
VAT
Professional tax
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
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
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
1st April '05
1st April '06
1st April '07
31st March '06
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
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
Income of parent having higher income
Proportionately with both parent's income
Income of parent having lower income
None of the above
Rs. 5,000
50% of total tax assessed
10% of total tax assessed
100% of total tax assessed
True
False