Receipt of Income and remittance of income are different things

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.
• Receipt by a member from HUF is fully exempt
• As the income goes up, the slab of income tax rate goes
• As the income goes down, the slab of income tax rate goes
• Income of minor child clubbed with the income of parents gets an exemption of
• Every assesse has to file return of income if their taxable income exceeds
• As per the definition of Income, the income includes the following .
• Which of the following is not included in the term Income under the Income Tax Act, 1961?
• Mr. X has started his business from 2nd Sept,2019 and does not have any other source of Income, his first previous year will start from
• The awards and rewards are exempted from Income Tax if .