Income tax is collected by

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.
• Income tax is collected on all types ofincome except .
• 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?
• Sales tax collected from the buyer of the goods is
• The Income Tax Act, was enacted in:
• Income tax is paid by every individual depending on his
• Income tax is a