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Uncommuted pension received by a Government employee is fully exempt from tax.

A. True

B. False

Correct Answer : B.


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  1. The TDS Certificate issued by an employer to his employees in case of salary income is
  2. If both parents are earning then income of a minor child will be clubbed with
  3. The CBDT consists of
  4. Every employer should pay fringe benefit tax within
  5. Income of minor child, if clubbed with income of parents, is exempt from tax up to
  6. The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
  7. PAN is necessary for the following assessees -
  8. The first income tax act was introduced in the year
  9. Assessment year 2006-07 commenced on
  10. Tax on fringe benefit has been introduced from the assessment year
  11. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
  12. The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
  13. Which one of the following taxes is not levied by the State Government?
  14. Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
  15. According to Section 2(7) of Income Tax Act "Assessee" means
  16. The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
  17. Expected Rent can be determined in the following way
  18. The income of previous year of an assessee is taxed during the following assessment year
  19. The Income Tax Act 1961 came into force on
  20. If an assessee makes an absolute transfer of an asset without any consideration then any income from…
  21. Any receipt of casual and non-recurring nature is known as casual income
  22. Tax' is imposed on a person by
  23. TDS, in case of salary should be deposited within
  24. Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
  25. The Income Tax Act, which is still in force in India, was enforced in
  26. If a self occupied property is converted into HUF property without adequate consideration then
  27. The term "Person" includes
  28. Which of the following statements is incorrect?
  29. Income of a minor will not be clubbed with his/her parent's income if
  30. No interest is available if the amount of refund of income tax paid is less than