Income Tax Law & Practice-I

The Income Tax was introduced in India for the first

• A) 1850

• B) 1860

• C) 1961

• D) 1918

At present Income Tax Act of 1961 was come in to effect from

• A) 1st April 1962

• B) 1st April 1961

• C) 1st April 1963

• D) 1st April 1960

The main effect of direct tax is?

• A) Price of goods

• B) Income

• C) Capital goods

• D) Consumer goods

A person by whom any tax or other sum of money is payable under sec 2(7) of the income tax act is called

• A) An Individual

• B) A Tax payer

• C) An Assessee

• D) None of these

Tax is chargeabled to a person who is a doctor under the head

• A) Salary

• B) Business

• C) Profession

• D) Services