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 yup
  1. The rates of income tax are specified in
  2. House Rent Allowance is exempt from tax
  3. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  4. The rates of Income Tax are specified in
  5. Every employer should pay fringe benefit tax within
  6. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  7. If both parents are earning then income of a minor child will be clubbed with
  8. The Income Tax Act 1961 came into force on
  9. A company is considered to be resident if
  10. For a senior citizen the amount of deduction U/s 80D available is
  11. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  12. Which one of the following taxes is not levied by the State Government?
  13. The apex body of Income Tax Department. is
  14. Uncommuted pension received by a Government employee is fully exempt from tax.
  15. Any receipt of casual and non-recurring nature is known as casual income
  16. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  17. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  18. No interest is available if the amount of refund of income tax paid is less than
  19. Tax on fringe benefit has been introduced from the assessment year
  20. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  21. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  22. The CBDT consists of
  23. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  24. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  25. Tax' is imposed on a person by
  26. TDS, in case of salary should be deposited within
  27. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  28. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  29. The Income Tax Act, which is still in force in India, was enforced in
  30. The term "Person" includes