Taxation (Unit I)

........is a progressive tax

• A.Custom duty

• B.Sales tax

• C.Income tax

• D.Development surcharge

Sec 139(1) relates to?

• A.Normal return

• B.Loss return

• C.Belated return

• D.Revised return

Under which head will be the salary received Mr.Raj a partner from a partnership firm be taxable?

• A.House property

• B.Capital gain

• C.Business/Profession

• D.None of the above

Salary of MP/MLA/MLC is taxable under which head?

• A.Business/Profession

• B.Other sources

• C.Salary

• D.None of the above

Income tax is imposed by.......

• A.State Govt

• B.Central Govt

• C.Both of the above

• D.Constitution of India