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

A. True

B. False

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  1. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  2. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  3. The first income tax act was introduced in the year
  4. Assessment year 2006-07 commenced on
  5. For a senior citizen the amount of deduction U/s 80D available is
  6. Contribution to superannuation fund is
  7. A company is considered to be resident if
  8. The CBDT consists of
  9. The TDS Certificate issued by an employer to his employees in case of salary income is
  10. According to Section 2(7) of Income Tax Act "Assessee" means
  11. TDS, in case of salary should be deposited within
  12. The income of previous year of an assessee is taxed during the following assessment year
  13. House Rent Allowance is exempt from tax
  14. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  15. Sec. 234A deals with
  16. Uncommuted pension received by a Government employee is fully exempt from tax.
  17. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  18. The Income Tax Act, which is still in force in India, was enforced in
  19. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  20. The rates of Income Tax are specified in
  21. Expected Rent can be determined in the following way
  22. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  23. Any receipt of casual and non-recurring nature is known as casual income
  24. Which of the following statements is incorrect?
  25. The rates of income tax are specified in
  26. Tax' is imposed on a person by
  27. Every employer should pay fringe benefit tax within
  28. Tax on fringe benefit has been introduced from the assessment year
  29. The aggregate amount of deductions under chapter VI-A can not exceed
  30. The apex body of Income Tax Department. is