Tax on fringe benefit has been introduced from the assessment year

A. 2000-01

B. 2006-07

C. 2005-06

D. 2004-05

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  1. The first income tax act was introduced in the year
  2. Any receipt of casual and non-recurring nature is known as casual income
  3. The Income Tax Act, which is still in force in India, was enforced in
  4. The rates of Income Tax are specified in
  5. The term "Person" includes
  6. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  7. The income of previous year of an assessee is taxed during the following assessment year
  8. Tax' is imposed on a person by
  9. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  10. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  11. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  12. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  13. Income Tax Act 1922 is a "milestone" because
  14. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  15. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  16. Assessment year 2006-07 commenced on
  17. House Rent Allowance is exempt from tax
  18. The CBDT consists of
  19. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  20. Sec. 234A deals with
  21. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  22. A company is considered to be resident if
  23. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  24. Expected Rent can be determined in the following way
  25. If both parents are earning then income of a minor child will be clubbed with
  26. The TDS Certificate issued by an employer to his employees in case of salary income is
  27. No interest is available if the amount of refund of income tax paid is less than
  28. TDS, in case of salary should be deposited within
  29. The Income Tax Act 1961 came into force on
  30. The aggregate amount of deductions under chapter VI-A can not exceed