The TDS Certificate issued by an employer to his employees in case of salary income is
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If both parents are earning then income of a minor child will be clubbed with
Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
Which of the following statements is incorrect?
House Rent Allowance is exempt from tax
When a person has paid the security transaction tax on transfer of equity shares he does not have to…
Tax' is imposed on a person by
Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
Uncommuted pension received by a Government employee is fully exempt from tax.
Income of minor child, if clubbed with income of parents, is exempt from tax up to
For a senior citizen the amount of deduction U/s 80D available is
Contribution to superannuation fund is
Every employer should pay fringe benefit tax within
For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
Expected Rent can be determined in the following way
Tax on fringe benefit has been introduced from the assessment year
The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
The term "Person" includes
The CBDT consists of
Any receipt of casual and non-recurring nature is known as casual income
Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
The first income tax act was introduced in the year
The apex body of Income Tax Department. is
Sec. 234A deals with
Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
Income of a minor will not be clubbed with his/her parent's income if
The rates of income tax are specified in
If a self occupied property is converted into HUF property without adequate consideration then
Assessment year 2006-07 commenced on