QUIZ ON INCOME TAX

What is income tax

• direct tax

• indirect tax

• both direct and indirect

• none of above

Income tax is directly paid by individual

• yes

• no

• maybe

• none of the above

income from profession is covered under income tax

• yes

• no

• may be

• not sure

specific income is covered under

• income from profession

• income from house property

• income from salaries

• income from other sources

what is property tax

• indirect tax

• sales tax

• direct tax

• none of above

Income Tax is imposed by

• (a) State Government

• (b) Central Government

• (c) Both of the above

• (d) Constitution of India

Income Tax Act came into force on

• . (a) 1.4.1961

• (b) 1.4.1962

• (c) 1.4.1956

• (d) 1.4.1965

Assesse is a person

• pays tax

• pays tax and penalty

• to whom a notice is sent under the Act

• All the above