profit or income of that particular year.

Related MCQs

• which of the following heads are the head of Income under Income tax Act 1961
• The Financial year in which the income is earned is called as the
• Previous year means the financial year immediately preceding the                          
• means fixed quantum of money given regularly in addition to salary to meet particular requirement
• The Constitution of india empowers ____________________________________ to levy tax on income
• The income tax act extends to __________________________________________ of india
• A person by whom any tax is payable under income tax act 1961 is called as
• Income tax act extends to
• Shivaji University is assessable under the income tax act as
•               of Income Tax Act is related to residential status