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

Related MCQs

• The total income of a domestic company is taxable at the rate of -------
• The total income of a non domestic company is taxable at the rate of----
• Under the Income-tax Act, 1961, which of the following outlays incurred by Sun Ltd. during the previous year ended 31st March, 2019 will not be admissible as deduction while computing its business income
• An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of the taxable commodities transactions. Income arising of Rs 3,00,000 from such taxable commodities transactions was included in the income computed under the head "Profits and gains of business or profession”. Such expenditure of payment of Commodities transaction tax shall be considered as
• The books of accounts are to be kept and maintained for a period of how many years from the end of the relevant assessment year.
• Concealment of income or false claims to reduce tax liability are cases of ------
• Return of income must be furnished on or beforethe due date as per a part of-----
• Under the Income Tax Act, 1961, depreciation on machinery is charged on ………
• Income distributed by a money market mutual fund or liquid fund is taxable @------
• Income distributed by a fund other than a money market mutual fund or a liquid fund to an individual or HUF is subject to CDT at the rate of