The taxable Income computed should be rounded off to the nearest multiple of Rs.10.

A. True

B. False

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  1. The apex body of Income Tax Department. is
  2. For a senior citizen the amount of deduction U/s 80D available is
  3. The income of previous year of an assessee is taxed during the following assessment year
  4. Any receipt of casual and non-recurring nature is known as casual income
  5. Contribution to superannuation fund is
  6. The CBDT consists of
  7. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  8. The TDS Certificate issued by an employer to his employees in case of salary income is
  9. Tax' is imposed on a person by
  10. No interest is available if the amount of refund of income tax paid is less than
  11. The Income Tax Act 1961 came into force on
  12. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  13. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  14. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  15. According to Section 2(7) of Income Tax Act "Assessee" means
  16. Income Tax Act 1922 is a "milestone" because
  17. House Rent Allowance is exempt from tax
  18. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  19. The Income Tax Act, which is still in force in India, was enforced in
  20. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  21. Uncommuted pension received by a Government employee is fully exempt from tax.
  22. Which one of the following taxes is not levied by the State Government?
  23. Tax on fringe benefit has been introduced from the assessment year
  24. The term "Person" includes
  25. A company is considered to be resident if
  26. TDS, in case of salary should be deposited within
  27. Which of the following income is / are exempt from tax?
  28. Sec. 234A deals with
  29. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  30. The aggregate amount of deductions under chapter VI-A can not exceed