House Rent Allowance is exempt from tax

A. True

B. False

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  1. The term "Person" includes
  2. For a senior citizen the amount of deduction U/s 80D available is
  3. When a person has paid the security transaction tax on transfer of equity shares he does not have to…
  4. Assessment year 2006-07 commenced on
  5. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  6. Contribution to superannuation fund is
  7. Which of the following statements is incorrect?
  8. If both parents are earning then income of a minor child will be clubbed with
  9. The apex body of Income Tax Department. is
  10. The aggregate amount of deductions under chapter VI-A can not exceed
  11. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  12. The Income Tax Act 1961 came into force on
  13. Income Tax Act 1922 is a "milestone" because
  14. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  15. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  16. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  17. Expected Rent can be determined in the following way
  18. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  19. Uncommuted pension received by a Government employee is fully exempt from tax.
  20. PAN is necessary for the following assessees -
  21. Which one of the following taxes is not levied by the State Government?
  22. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  23. Tax' is imposed on a person by
  24. The rates of Income Tax are specified in
  25. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  26. The first income tax act was introduced in the year
  27. The TDS Certificate issued by an employer to his employees in case of salary income is
  28. The CBDT consists of
  29. Which of the following income is / are exempt from tax?
  30. According to Section 2(7) of Income Tax Act "Assessee" means