The rates of Income Tax are specified in
Income Tax Act, 1961
Income Tax Rules, 1962
Circulars of CBDT
Correct Answer :
Download Objective type questions of
Visit our PDF store
Get all objective type questions of Direct TAX MCQ
comments powered by Disqus.
Income of a minor will not be clubbed with his/her parent's income if
Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
Uncommuted pension received by a Government employee is fully exempt from tax.
The aggregate amount of deductions under chapter VI-A can not exceed
YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
Income of minor child, if clubbed with income of parents, is exempt from tax up to
Which of the following statements is incorrect?
The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
Expected Rent can be determined in the following way
If an assessee makes an absolute transfer of an asset without any consideration then any income from…
No interest is available if the amount of refund of income tax paid is less than
The rates of income tax are specified in
A company is considered to be resident if
The Income Tax Act 1961 came into force on
According to Section 2(7) of Income Tax Act "Assessee" means
For a senior citizen the amount of deduction U/s 80D available is
Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
Tax' is imposed on a person by
If both parents are earning then income of a minor child will be clubbed with
Which of the following income is / are exempt from tax?
Contribution to superannuation fund is
The term "Person" includes
Income Tax Act 1922 is a "milestone" because
Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
The Income Tax Act, which is still in force in India, was enforced in
Any receipt of casual and non-recurring nature is known as casual income
The TDS Certificate issued by an employer to his employees in case of salary income is
Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…