Resident
Not Ordinarily Resident
Non Resident
All of the above.
D. All 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
Income of parent having higher income
Proportionately with both parent's income
Income of parent having lower income
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
Form 16
Form 26
Form 26A
Form 26Q
True
False
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
True
False
Entertainment tax
VAT
Professional tax
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
True
False
Heads
It introduced the concept of "resident but not ordinarily resident"
This Act is still in force in India
Govt to the Central govt.
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
Rs.150000 & 30000 respectively
Rs.150000 & 120000 respectively
Rs.120000 & 30000 respectively
None of the above.
1st April '05
1st Sept '05
Any of the above
None of the above.
True
False
Treated as fringe benefit
Not considered as fringe benefit
Depends on the amount of contribution
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
One director & Two Members
One President & Seven Members
One Chairman & Six Members
None of the above.
Finance Ministry of Central Govt.
Central Govt. of India.
CBDT
Dept. of Revenue
1918
1861
1860
1886
1st April '05
1st April '06
1st April '07
31st March '06
A businessman whose total turnover is Rs.5,00,001
A charitable trust
Both of the above
None of the above
Individual and HUF
Corporate
Partnership firm
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.
True
False
Rs. 5,000
50% of total tax assessed
10% of total tax assessed
100% of total tax assessed
13th Oct. 1961
1st April 1961
13th Sept 1961
13th Dec 1961
Resident
Not Ordinarily Resident
Non Resident
All of the above.