The CBDT consists of

A. One director & Two Members

B. One President & Seven Members

C. One Chairman & Six Members

D. None of the above.

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  1. Uncommuted pension received by a Government employee is fully exempt from tax.
  2. A company is considered to be resident if
  3. No interest is available if the amount of refund of income tax paid is less than
  4. If both parents are earning then income of a minor child will be clubbed with
  5. The first income tax act was introduced in the year
  6. Income Tax Act 1922 is a "milestone" because
  7. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  8. The term "Person" includes
  9. The CBDT consists of
  10. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  11. Contribution to superannuation fund is
  12. For a senior citizen the amount of deduction U/s 80D available is
  13. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  14. Which of the following income is / are exempt from tax?
  15. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  16. Sec. 234A deals with
  17. Which of the following statements is incorrect?
  18. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  19. Tax on fringe benefit has been introduced from the assessment year
  20. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  21. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  22. Any receipt of casual and non-recurring nature is known as casual income
  23. The TDS Certificate issued by an employer to his employees in case of salary income is
  24. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  25. According to Section 2(7) of Income Tax Act "Assessee" means
  26. If a self occupied property is converted into HUF property without adequate consideration then
  27. Income of a minor will not be clubbed with his/her parent's income if
  28. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  29. Assessment year 2006-07 commenced on
  30. If an assessee makes an absolute transfer of an asset without any consideration then any income from…