Taxation (Unit I)

Income tax act was passed in the year......

• A)1947

• B)1950

• C)1961

• D)1991

Life insurance corporation of india is a.......

• A)AOP

• B)Firm

• C) Company

• D) Individual

............is an antificial person registered under indian companies act 1956.

• A) Individual

• B)Company

• C)Firm

• D)Local authority

Which one of the following taxes is not levied by the state government?

• A) Entertainment tax

• B)VAT

• C) Professional tax

• D)None of the above

The first Income Tax act was introduced in the year.

• A)1918

• B)1861

• C)1860

• D)1856