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The rates of Income Tax are specified in

A. Income Tax Act, 1961

B. Income Tax Rules, 1962

C. Finance Act

D. Circulars of CBDT

Correct Answer : C.


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  1. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  2. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  3. The rates of income tax are specified in
  4. The rates of Income Tax are specified in
  5. Income Tax Act 1922 is a "milestone" because
  6. The Income Tax Act 1961 came into force on
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  8. For a senior citizen the amount of deduction U/s 80D available is
  9. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  10. The Income Tax Act, which is still in force in India, was enforced in
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  12. If a self occupied property is converted into HUF property without adequate consideration then
  13. Which of the following income is / are exempt from tax?
  14. Assessment year 2006-07 commenced on
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  16. Income of a minor will not be clubbed with his/her parent's income if
  17. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  18. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  19. Any receipt of casual and non-recurring nature is known as casual income
  20. According to Section 2(7) of Income Tax Act "Assessee" means
  21. The CBDT consists of
  22. The apex body of Income Tax Department. is
  23. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  24. Sec. 234A deals with
  25. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  26. Which one of the following taxes is not levied by the State Government?
  27. PAN is necessary for the following assessees -
  28. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  29. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  30. If both parents are earning then income of a minor child will be clubbed with