The income of previous year of an assessee is taxed during the following assessment year

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 received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  3. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  4. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  5. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  6. Contribution to superannuation fund is
  7. House Rent Allowance is exempt from tax
  8. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  9. TDS, in case of salary should be deposited within
  10. The income of previous year of an assessee is taxed during the following assessment year
  11. Tax' is imposed on a person by
  12. PAN is necessary for the following assessees -
  13. Which of the following income is / are exempt from tax?
  14. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  15. For a senior citizen the amount of deduction U/s 80D available is
  16. Which one of the following taxes is not levied by the State Government?
  17. Any receipt of casual and non-recurring nature is known as casual income
  18. The first income tax act was introduced in the year
  19. A company is considered to be resident if
  20. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  21. Which of the following statements is incorrect?
  22. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  23. The Income Tax Act, which is still in force in India, was enforced in
  24. Sec. 234A deals with
  25. The aggregate amount of deductions under chapter VI-A can not exceed
  26. If both parents are earning then income of a minor child will be clubbed with
  27. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  28. Uncommuted pension received by a Government employee is fully exempt from tax.
  29. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  30. The CBDT consists of