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

A. True

B. False

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  1. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  2. Income of a minor will not be clubbed with his/her parent's income if
  3. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  4. Tax on fringe benefit has been introduced from the assessment year
  5. The apex body of Income Tax Department. is
  6. Uncommuted pension received by a Government employee is fully exempt from tax.
  7. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  8. Tax' is imposed on a person by
  9. Assessment year 2006-07 commenced on
  10. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  11. According to Section 2(7) of Income Tax Act "Assessee" means
  12. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  13. Contribution to superannuation fund is
  14. The TDS Certificate issued by an employer to his employees in case of salary income is
  15. House Rent Allowance is exempt from tax
  16. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  17. If a self occupied property is converted into HUF property without adequate consideration then
  18. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  19. PAN is necessary for the following assessees -
  20. The term "Person" includes
  21. The income of previous year of an assessee is taxed during the following assessment year
  22. Any receipt of casual and non-recurring nature is known as casual income
  23. TDS, in case of salary should be deposited within
  24. The CBDT consists of
  25. Which one of the following taxes is not levied by the State Government?
  26. If both parents are earning then income of a minor child will be clubbed with
  27. Income Tax Act 1922 is a "milestone" because
  28. The rates of Income Tax are specified in
  29. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  30. Sec. 234A deals with