Income of minor is clubbed however the clubbing provision is not applicable if

Related MCQs

• As per sec.60, income is clubbed if
• Any income from an asset transferred to spouse without adequate consideration is clubbed in the hands of the transferor if:
• The provision of sec.56(2)(x) is applicable on
• Section 80 RRB the Income-tax Act, 1961 deals with deduction from gross total income in respect of income by way of
• Income of minor child is exempt upto ______.
• Rate of surcharge applicable to a foreign company having total income of Rs. 8 crore is :
• In the case of a domestic company (turnover/gross receipts Rs. 70 crores), the basic rate of income-tax applicable for computing as per normal provisions would be ________, when the turnover of the company has been Rs. 45 crores in the previous year relevant to the assessment year 2017-18. (Note: Ignore surcharge, education cess, etc.)
• The maximum marginal rate of tax applicable for individual taxpayer having total income of Rs. 1.5 crore (including surcharge and health & education cess) is ________.
• Gift of a capital asset is not considered as transfer, however exception is:
• Income Computation and Disclosure Standards are to be applied in computation of income under the head: