Overview of IT Act, 1961

How many Chapters are there in the Income Tax Act, 1961?

• XXIX

• XXIII

• XXIV

• XXVI

How many Sections are there in the Income Tax Act, 1961?

• 293

• 295

• 296

• 298

Definitions are provided in Section _____ of the Income Tax Act, 1961.

• 1

• 2

• 3

• 4

Previous Year is defined in Section _____ of the Income Tax Act, 1961.

• 1

• 2

• 3

• 4

Section _____ is the main charging section in Income Tax Act, 1961.

• 1

• 4

• 5

• 7

Parliament has the power to levy tax on incomes other than ________

• Exempt Incomes

• Income of poor people

• Agricultural Income

• Income of President

Highest Administrative Authority for Income Tax in India is ________.

• Finance Minister

• CBDT

• PM of India

• Member (Revenue)

Income Tax Act came into force on ________ .

• 01.04.1961

• 01.04.1962

• 01.01.1962

• 01.01.1961

Explanations gives __________to the main provision.

• Meaning

• Clarification

• Exception

• None of the above

Proviso gives __________to the main provision.

• Meaning

• Clarification

• Exception

• None of the above