Home

Which of the following income is / are exempt from tax?

A. Payments received from family income by a member of a HUF

B. Share of profit received by a partner of a partnership firm.

C. Any income of an educational institution and hospitals

D. All of the above

You can do it
  1. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  2. The apex body of Income Tax Department. is
  3. Any receipt of casual and non-recurring nature is known as casual income
  4. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  5. Assessment year 2006-07 commenced on
  6. If a self occupied property is converted into HUF property without adequate consideration then
  7. The TDS Certificate issued by an employer to his employees in case of salary income is
  8. Which of the following income is / are exempt from tax?
  9. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  10. The rates of income tax are specified in
  11. The income of previous year of an assessee is taxed during the following assessment year
  12. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  13. A company is considered to be resident if
  14. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  15. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  16. According to Section 2(7) of Income Tax Act "Assessee" means
  17. The rates of Income Tax are specified in
  18. The Income Tax Act, which is still in force in India, was enforced in
  19. The aggregate amount of deductions under chapter VI-A can not exceed
  20. TDS, in case of salary should be deposited within
  21. The Income Tax Act 1961 came into force on
  22. Income of a minor will not be clubbed with his/her parent's income if
  23. The term "Person" includes
  24. The CBDT consists of
  25. PAN is necessary for the following assessees -
  26. Which one of the following taxes is not levied by the State Government?
  27. Which of the following statements is incorrect?
  28. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  29. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  30. House Rent Allowance is exempt from tax