Income tax law and practice II (14/03/2023)

Clubbing of income is a method to discourage

• A. Tax Evasion

• B. Tax Avoidance

• C. Excessive exemption

• D. Excessive tax payment

Clubbing of income or aggregation of income means adding to an assessee's Income belonging to

• A. Another person

• B. All of his/her family members

• C. All the relatives

• D. None of these

Exemption for inclusion of minor's income is

• A. Rs.3,000

• B. Rs.1,500

• C. Rs.4,500

• D. Rs.6,000

Income of a minor child is clubbed in the hands of mother or father who is

• A. Higher

• B. Lower

• C. Taxable

• D. Exempted

Brought forward depreciation cannot be set off

• A. Business income

• B. House property income

• C. Salary income

• D. Capital gain