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

A. True

B. False

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  1. Which of the following income is / are exempt from tax?
  2. The rates of income tax are specified in
  3. Sec. 234A deals with
  4. Assessment year 2006-07 commenced on
  5. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  6. Which one of the following taxes is not levied by the State Government?
  7. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  8. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  9. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  10. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  11. The apex body of Income Tax Department. is
  12. Income Tax Act 1922 is a "milestone" because
  13. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  14. The first income tax act was introduced in the year
  15. The aggregate amount of deductions under chapter VI-A can not exceed
  16. Any receipt of casual and non-recurring nature is known as casual income
  17. PAN is necessary for the following assessees -
  18. The rates of Income Tax are specified in
  19. Uncommuted pension received by a Government employee is fully exempt from tax.
  20. Contribution to superannuation fund is
  21. TDS, in case of salary should be deposited within
  22. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  23. No interest is available if the amount of refund of income tax paid is less than
  24. If both parents are earning then income of a minor child will be clubbed with
  25. The Income Tax Act, which is still in force in India, was enforced in
  26. The Income Tax Act 1961 came into force on
  27. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  28. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  29. The term "Person" includes
  30. Which of the following statements is incorrect?