Sirisha

Income Tax Act enacted in the year

• 1947

• 1956

• 1961

• 1960

Which is not a canon of Taxation

• Canon of Equality

• Canon of Certainity

• Canon of Economy

• Canon of Social Justice

Tax is a _________________ payment

• Compulsory

• Voluntary

Basics of Good Taxation system

• Raising revenue

• Ability to pay

• Should not be discriminatory

• Canons of Taxation

Person under Income Tax includes

• Artificial person only

• Natural Person only

• Both

• None of the above

Previous year for Assessment year 2022-23

ClAssessee classified into

• Resident

• Resident Ordinary Resident

• Resident Not Ordinary Resident

• All

• None

An assessee can be a Resident if he satisfies

• Any One of the Basic cindition

• Both of the Basic Conditions

• None of the Basic Conditiions

• Both Additional Conditions

Resident can be a

• Resident ordinary Resident

• Resident Not Ordinary Resident

• Both

• None

If person not satisfied any of the additional conditions________, then he may be

• ROR

• RNOR

• NR

• Nobe

• All the above