Home
Earn $100 Online Daily. Work From Home. Click Here

What is the correct answer?

4

Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.

A. True

B. False

Related Questions

A company is considered to be resident if Income of minor child, if clubbed with income of parents, is exempt from… The taxable Income computed should be rounded off to the nearest multiple… Any receipt of casual and non-recurring nature is known as casual income If a self occupied property is converted into HUF property without adequate… The term "Person" includes Expected Rent can be determined in the following way The Income Tax Act, which is still in force in India, was enforced in For the purpose of Fringe Benefit Tax, the term 'Employer' does not include Mr. X has started has business from 1st Sept '05,and does not have any… House Rent Allowance is exempt from tax Assessment year 2006-07 commenced on Acceleration of income will not be clubbed with the income of the assessee… Which one of the following taxes is not levied by the State Government? YoungStars, a club, lets out its furnished rooms solely to its members… Uncommuted pension received by a Government employee is fully exempt from… If an assessee makes an absolute transfer of an asset without any consideration… The rates of income tax are specified in If both parents are earning then income of a minor child will be clubbed… Tax on fringe benefit has been introduced from the assessment year The amount of interest on borrowed capital allowable as deduction in case… TDS, in case of salary should be deposited within The Income Tax Act 1961 came into force on The income of previous year of an assessee is taxed during the following… Income Tax Act 1922 is a "milestone" because No interest is available if the amount of refund of income tax paid is… The first income tax act was introduced in the year Which of the following income is / are exempt from tax? Interest on capital, borrowed on 10.10.2000, for self-occupied property… The TDS Certificate issued by an employer to his employees in case of…