YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income earned by the club from such letting-out will be chargeable under the head

A. Income from salary

B. Income from House Property

C. Income from Other Sources

D. Income from Business and Profession

You can do it
  1. Which one of the following taxes is not levied by the State Government?
  2. Contribution to superannuation fund is
  3. The Income Tax Act 1961 came into force on
  4. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  5. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  6. The rates of Income Tax are specified in
  7. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  8. Uncommuted pension received by a Government employee is fully exempt from tax.
  9. Expected Rent can be determined in the following way
  10. Assessment year 2006-07 commenced on
  11. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  12. No interest is available if the amount of refund of income tax paid is less than
  13. Which of the following income is / are exempt from tax?
  14. The aggregate amount of deductions under chapter VI-A can not exceed
  15. For a senior citizen the amount of deduction U/s 80D available is
  16. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  17. The apex body of Income Tax Department. is
  18. The rates of income tax are specified in
  19. If both parents are earning then income of a minor child will be clubbed with
  20. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  21. The TDS Certificate issued by an employer to his employees in case of salary income is
  22. Any receipt of casual and non-recurring nature is known as casual income
  23. The term "Person" includes
  24. The income of previous year of an assessee is taxed during the following assessment year
  25. Income Tax Act 1922 is a "milestone" because
  26. The CBDT consists of
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  28. PAN is necessary for the following assessees -
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