The income of previous year is chargeable to tax in the .

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.
• The capital gain is chargeable under of Income Tax Act.
• 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.
• Capital gain tax shall not be chargeable on disposal of securities which are held for a period of __________.
• 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 deduction available under section 80QQB in respect of royalty income of authors shall not exceed _____________in previous year.
• Gain on disposal of immovable property is chargeable to at _____%, where holding period is up to one year.
• Previous year means the financial year immediately preceding the .
• As the income goes up, the slab of income tax rate goes
• As the income goes down, the slab of income tax rate goes