Income tax is a

Related MCQs

• As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.
• For the purposes of computing minimum alternate tax under Section 115B(a) of the Income Tax Act, 1961, the book profit need not to be increased by inter alia, the amount of deferred tax debited to the profit and loss account.
• As the income goes up, the slab of income tax rate goes
• As the income goes down, the slab of income tax rate goes
• Which of the following is not included in the term Income under the Income Tax Act, 1961?
• The Income Tax Act, was enacted in:
• Income tax is paid by every individual depending on his
• Income tax is collected by
• A person with the age of or more is considered as a super senior citizen as per Income tax Act.
• Income tax is collected on all types ofincome except .