A Registered Firm
An Unregistered Firm
All of the above
None of the above
C. All of the above
Income Tax Act, 1961
Income Tax Rules, 1962
Finance Act
Circulars of CBDT
Interest in default in furnishing return of income
Interest for concealment of particulars
Interest for default in payment of advance tax
None of the above
Such income is earned by that child by applying his/her physical labour,talent or any specialized knowledge
Child is illiterate
Parents are handicapped
the child does not give her consent
Rs. 50,000
Gross Total Income
Rs 1,00,000
None of the above
Rs.1,00,000
Rs.1,50,000
Rs.50,000
No limit
True
False
Payments received from family income by a member of a HUF
Share of profit received by a partner of a partnership firm.
Any income of an educational institution and hospitals
All of the above
13th Oct. 1961
1st April 1961
13th Sept 1961
13th Dec 1961
A Registered Firm
An Unregistered Firm
All of the above
None of the above
Form 16
Form 26
Form 26A
Form 26Q
2000-01
2006-07
2005-06
2004-05
Income from salary
Income from House Property
Income from Other Sources
Income from Business and Profession
The amount of premium paid or Rs.10,000 whichever is higher
The actual amount of premium paid or Rs.10,000 whichever is lower
The actual amount of premium paid or Rs.15,000 whichever is lower
None of the above
Within 15 days from the end of the month in which such tax is deducted
Within 30 days from the end of the month in which such tax is deducted
Within 7 days from the end of the month in which such tax is deducted
On the next working day
Rs. 1,00,000
Rs. 1,50,000
Rs. 2,00,000
None of the above
1922
1961
1860
None of the above
It is an Indian Company
During the previous year it's control and management is situated wholly in India
(a) & (b) both
Any of the above
Resident
Not Ordinarily Resident
Non Resident
All of the above.
Entertainment tax
VAT
Professional tax
None of the above.
Entire income from such property will be clubbed with the income of the transferor
50% of such income will be clubbed
Such income will not be clubbed
None of the above
Individual and HUF
Corporate
Partnership firm
None of the above
True
False
Income of parent having higher income
Proportionately with both parent's income
Income of parent having lower income
None of the above
Rs.1,000
Rs.1,500
Rs.1,200
None of the above
1st April '05
1st April '06
1st April '07
31st March '06
Income Tax Act 1961
Income Tax Rule 1961
Finance Act
Circular of CBDT
Treated as fringe benefit
Not considered as fringe benefit
Depends on the amount of contribution
None of the above
1918
1861
1860
1886
Heads
It introduced the concept of "resident but not ordinarily resident"
This Act is still in force in India
Govt to the Central govt.
True
False