Income Tax Act 1922 is a "milestone" because

A. This Act introduced first the concept of aggregating incomes under different

B. It introduced the concept of "resident but not ordinarily resident"

C. This Act is still in force in India

D. Under this Act the administration was shifted completely from the provincial
Govt to the Central govt.

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  1. The rates of income tax are specified in
  2. Which of the following income is / are exempt from tax?
  3. The TDS Certificate issued by an employer to his employees in case of salary income is
  4. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  5. The term "Person" includes
  6. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  7. Sec. 234A deals with
  8. TDS, in case of salary should be deposited within
  9. A company is considered to be resident if
  10. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  11. Contribution to superannuation fund is
  12. For a senior citizen the amount of deduction U/s 80D available is
  13. Income Tax Act 1922 is a "milestone" because
  14. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  15. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  16. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  17. Uncommuted pension received by a Government employee is fully exempt from tax.
  18. House Rent Allowance is exempt from tax
  19. The rates of Income Tax are specified in
  20. Which one of the following taxes is not levied by the State Government?
  21. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  22. The CBDT consists of
  23. The aggregate amount of deductions under chapter VI-A can not exceed
  24. PAN is necessary for the following assessees -
  25. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  26. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  27. According to Section 2(7) of Income Tax Act "Assessee" means
  28. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  29. Tax' is imposed on a person by
  30. If both parents are earning then income of a minor child will be clubbed with