Home

The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.

A. True

B. False

You can do it
  1. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  2. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  3. If both parents are earning then income of a minor child will be clubbed with
  4. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  5. The apex body of Income Tax Department. is
  6. Which of the following statements is incorrect?
  7. Uncommuted pension received by a Government employee is fully exempt from tax.
  8. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  9. Which one of the following taxes is not levied by the State Government?
  10. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  11. A company is considered to be resident if
  12. Tax on fringe benefit has been introduced from the assessment year
  13. Income of a minor will not be clubbed with his/her parent's income if
  14. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  15. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  16. House Rent Allowance is exempt from tax
  17. The first income tax act was introduced in the year
  18. According to Section 2(7) of Income Tax Act "Assessee" means
  19. Sec. 234A deals with
  20. The rates of Income Tax are specified in
  21. Which of the following income is / are exempt from tax?
  22. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  23. The CBDT consists of
  24. The term "Person" includes
  25. Tax' is imposed on a person by
  26. PAN is necessary for the following assessees -
  27. No interest is available if the amount of refund of income tax paid is less than
  28. The aggregate amount of deductions under chapter VI-A can not exceed
  29. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  30. The amount of interest on borrowed capital allowable as deduction in case of a let out property is