Uncommuted pension received by a Government employee is fully exempt from tax.
Correct Answer :
Download Objective type questions of
Visit our PDF store
Get all objective type questions of Direct TAX MCQ
comments powered by Disqus.
The TDS Certificate issued by an employer to his employees in case of salary income is
If both parents are earning then income of a minor child will be clubbed with
The CBDT consists of
Every employer should pay fringe benefit tax within
Income of minor child, if clubbed with income of parents, is exempt from tax up to
The taxable Income computed should be rounded off to the nearest multiple of Rs.10.
PAN is necessary for the following assessees -
The first income tax act was introduced in the year
Assessment year 2006-07 commenced on
Tax on fringe benefit has been introduced from the assessment year
Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible upto a maximum…
The aggregate income of Mr. Tanmoy under the different heads of income is Rs.1, 50,000. He will get…
Which one of the following taxes is not levied by the State Government?
Sale of agricultural land on 1st April, 1970 is an example of transfer of capital asset.
According to Section 2(7) of Income Tax Act "Assessee" means
The amount of taxable income is to be rounded off to the nearest multiple of Re.1 for income tax calculations.
Expected Rent can be determined in the following way
The income of previous year of an assessee is taxed during the following assessment year
The Income Tax Act 1961 came into force on
If an assessee makes an absolute transfer of an asset without any consideration then any income from…
Any receipt of casual and non-recurring nature is known as casual income
Tax' is imposed on a person by
TDS, in case of salary should be deposited within
Amit has received Rs.25,000 from his former employer as arrear salary of 2004-05 previous year, Rs.85,000…
The Income Tax Act, which is still in force in India, was enforced in
If a self occupied property is converted into HUF property without adequate consideration then
The term "Person" includes
Which of the following statements is incorrect?
Income of a minor will not be clubbed with his/her parent's income if
No interest is available if the amount of refund of income tax paid is less than
Join our Chat Group
Join our Twitter Group
Join our Pinterest Group
Join our Facebook Group
Subscribe to our Email Newsletter