Income Tax

Income Tax Act passed in the year

• 1960

• 1956

• 1961

• 1982

Income Tax is in State list as per schedule 7, Article. 246 of the Indian constitution.

• True

• False

A person who is liable to pay tax or any sum of money as per Income tax act is called

• Assessee

• Assessor

• None of the above

• Deemed assessee

A person as per section 2 (31) includes

• Natural person/ Individual

• Company

• Hindu undivided family

• All of the above

A person as per section 2 (31) includes

• Natural person/ Individual

• Company

• Hindu undivided family

• All of the above

University, Diety etc are considered as which type of persons

• Association of persons

• Body of Individuals

• Artificial judicial persons

• None of the above

In a HUF the head of the family is called

• Coparcener

• Member

• Kartha

• None of the above

Income is defined under section

• Section 2(24)

• Section 2 (8)

• Section 6

• None of the above

Income received from fisheries is

• Agricultural Income

• Non agricultural Income

• Individual Income

• None of the above

Casual Incomes are taxed at

• Slab rate basis

• Flat rate basis

• Concessional flat rate

• None of the above