Certificate Course_2024

Income tax is a

• Direct Tax

• Indirect Tax

• Total Tax

• Value Added Tax

Income Tax Act come into force on

• 01/04/1961

• 01/04/1962

• 01/04/1956

• 01/04/1965

Income by way of rent of agricultural land is

• Business Income

• Agricultural Income

• Income from other sources

• Casual Income

How many heads of income are there to compute gross total income?

• 6

• 5

• 4

• 3

What is the income tax cess rate for health and education?

• 6%

• 2%

• 4%

• 3%

Who has the statutory power to issued notification under Income Tax Act, 1961?

• Central Board of Direct and Indirect Taxes

• State Board of Direct and Indirect Taxes

• State Board of Direct Taxation

• Central Board of Direct Taxes

Due date of filing of return by company assessee is

• 30th June

• 31st August

• 31st July

• 30th September

GST was implemented in India from

• 01/01/2017

• 01/04/2017

• 01/03/2017

• 01/07/2017

GST rates applicable on goods and services are

• 0%, 5%, 12%, 18%, 26%

• 0%, 6%, 12%, 18%, 28%

• 0%, 5%, 12%, 18%, 28%

• 0%, 5%, 12%, 16%, 28%

Taxes that are levied on any intra-state purchase are

• IGST

• CGST and SGST

• SGST

• CGST