
Introduction to Income Tax

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Education
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University
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Medium
devi rk
Used 1+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Who introduced Income Tax in India for the first time?
Lord Dalhousie
Lord Mountbatten
Sir James Wilson
Mahatma Gandhi
2.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Income Tax in India is governed by which Act?
Wealth Tax Act, 1957
Income Tax Act, 1961
GST Act, 2017
Companies Act, 2013
3.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Income Tax is a ______ tax.
Indirect
Involuntary
Voluntary
Direct
4.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Which of the following is NOT a feature of Income Tax?
It is levied on income
It is a direct tax
Same rate is applied to all taxpayers
It is governed by the Income Tax Act, 1961
5.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Which year is considered as the "Assessment Year" for income earned during 1st April 2024 to 31st March 2025?
2023-2024
2024-2025
2025-2026
2026-2027
6.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Which of the following is included in the definition of 'Person' under Income Tax Act?
Individual
HUF
Company
All of the above
7.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Which of the following is NOT a type of Assessee?
Individual
HUF
Trust Fund
Artificial Person
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