Home

If an assessee makes an absolute transfer of an asset without any consideration then any income from such property should be clubbed with the income of the assessee.

A. True

B. False

You can do it
  1. For a senior citizen the amount of deduction U/s 80D available is
  2. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  3. Any receipt of casual and non-recurring nature is known as casual income
  4. Tax on fringe benefit has been introduced from the assessment year
  5. Sec. 234A deals with
  6. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  7. The first income tax act was introduced in the year
  8. Mr.Karan Kapoor's Taxable Income is Rs.10,00,000. The tax amount will be
  9. Assessment year 2006-07 commenced on
  10. A company is considered to be resident if
  11. According to Section 2(7) of Income Tax Act "Assessee" means
  12. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  13. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  14. The TDS Certificate issued by an employer to his employees in case of salary income is
  15. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  16. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  17. Every employer should pay fringe benefit tax within
  18. Expected Rent can be determined in the following way
  19. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  20. The CBDT consists of
  21. Income of a minor will not be clubbed with his/her parent's income if
  22. Which one of the following taxes is not levied by the State Government?
  23. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  24. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  25. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  26. The Income Tax Act 1961 came into force on
  27. Contribution to superannuation fund is
  28. Which of the following income is / are exempt from tax?
  29. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  30. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…