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PAN is necessary for the following assessees -

A. A businessman whose total turnover is Rs.5,00,001

B. A charitable trust

C. Both of the above

D. None of the above

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  1. The first income tax act was introduced in the year
  2. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  3. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  4. If both parents are earning then income of a minor child will be clubbed with
  5. The aggregate amount of deductions under chapter VI-A can not exceed
  6. For a senior citizen the amount of deduction U/s 80D available is
  7. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  8. According to Section 2(7) of Income Tax Act "Assessee" means
  9. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  10. Contribution to superannuation fund is
  11. The apex body of Income Tax Department. is
  12. Every employer should pay fringe benefit tax within
  13. The Income Tax Act, which is still in force in India, was enforced in
  14. A company is considered to be resident if
  15. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  16. Income of a minor will not be clubbed with his/her parent's income if
  17. House Rent Allowance is exempt from tax
  18. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  19. The term "Person" includes
  20. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  21. Tax on fringe benefit has been introduced from the assessment year
  22. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  23. The income of previous year of an assessee is taxed during the following assessment year
  24. The rates of income tax are specified in
  25. Sec. 234A deals with
  26. If a self occupied property is converted into HUF property without adequate consideration then
  27. The rates of Income Tax are specified in
  28. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  29. TDS, in case of salary should be deposited within
  30. The TDS Certificate issued by an employer to his employees in case of salary income is