Acceleration of income will not be clubbed with the income of the assessee who transfers such income to some other person.

A. True

B. False

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  1. Sec. 234A deals with
  2. The CBDT consists of
  3. Tax on fringe benefit has been introduced from the assessment year
  4. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  5. According to Section 2(7) of Income Tax Act "Assessee" means
  6. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  7. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  8. The Income Tax Act, which is still in force in India, was enforced in
  9. The aggregate amount of deductions under chapter VI-A can not exceed
  10. Assessment year 2006-07 commenced on
  11. Income of a minor will not be clubbed with his/her parent's income if
  12. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  13. The rates of income tax are specified in
  14. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  15. For a senior citizen the amount of deduction U/s 80D available is
  16. The Income Tax Act 1961 came into force on
  17. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  18. PAN is necessary for the following assessees -
  19. A company is considered to be resident if
  20. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  21. The rates of Income Tax are specified in
  22. If both parents are earning then income of a minor child will be clubbed with
  23. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  24. Uncommuted pension received by a Government employee is fully exempt from tax.
  25. No interest is available if the amount of refund of income tax paid is less than
  26. The apex body of Income Tax Department. is
  27. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  28. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  29. Which of the following income is / are exempt from tax?
  30. Any receipt of casual and non-recurring nature is known as casual income