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WorksheetsBasic concepts of Income Tax
Total questions: 12
Worksheet time: 2mins
Which type of rates are decided by Finance Act?
Bank Rate
Interest Rate
Income Tax Rate
None of the above
The person who is liable to pay tax on his/her income known as
Assessee
Resident
Karta
All of the above
Select the heads of income out of the followings
Salary
Lottery
Capital Gain
Donation
(a)
Who is called Senior Citizen?
Does an assessee pay tax on income from lottery?
No
Yes
May be
every year the residential status of an assessee:
may change
will not change
will certainly change
none of these
What is the minimum age to file income tax?
16
18
21
None of the above
Who is included in person for the purpose of income tax?
Individual
HUF
Firm
Spouse
Residential status of an individual for any assessment year may be
Ordinarily resident
Not ordinarily resident
Non resident
All of the above
What do you mean by total income?
(a)
