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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

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  3. Tax on fringe benefit has been introduced from the assessment year
  4. The rates of Income Tax are specified in
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  22. A company is considered to be resident if
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  24. TDS, in case of salary should be deposited within
  25. PAN is necessary for the following assessees -
  26. Any receipt of casual and non-recurring nature is known as casual income
  27. The Income Tax Act 1961 came into force on
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