The first income tax act was introduced in the year

A. 1918

B. 1861

C. 1860

D. 1886

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  1. No interest is available if the amount of refund of income tax paid is less than
  2. If both parents are earning then income of a minor child will be clubbed with
  3. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  4. Uncommuted pension received by a Government employee is fully exempt from tax.
  5. The first income tax act was introduced in the year
  6. The CBDT consists of
  7. YoungStars, a club, lets out its furnished rooms solely to its members on regular basis. The income…
  8. The aggregate amount of deductions under chapter VI-A can not exceed
  9. The Income Tax Act, which is still in force in India, was enforced in
  10. Which of the following statements is incorrect?
  11. TDS, in case of salary should be deposited within
  12. Mr. X has started has business from 1st Sept '05,and does not have any other source of income. His first…
  13. Any receipt of casual and non-recurring nature is known as casual income
  14. Acceleration of income will not be clubbed with the income of the assessee who transfers such income…
  15. If a self occupied property is converted into HUF property without adequate consideration then
  16. The income of previous year of an assessee is taxed during the following assessment year
  17. House Rent Allowance is exempt from tax
  18. The rates of income tax are specified in
  19. The term "Person" includes
  20. PAN is necessary for the following assessees -
  21. The amount of interest on borrowed capital allowable as deduction in case of a let out property is
  22. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  23. The Income Tax Act 1961 came into force on
  24. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  25. For the purpose of Fringe Benefit Tax, the term 'Employer' does not include
  26. Every employer should pay fringe benefit tax within
  27. A company is considered to be resident if
  28. Which one of the following taxes is not levied by the State Government?
  29. Income received or deemed to be received in India (whether accrued in or outside India) is taxable in…
  30. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.