Income tax is collected on all types of income except .

Related MCQs

• As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year.
• The Income Tax Act came into force all over India except .
• If the agricultural income is ……….. then the agricultural income is considered for calculating tax.
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• The following is exempt income from Income Tax:.
• If the assesses let out the building or staff quarters to the employee of business, the rent collected from such employees is assessable as income from .
• The Income Tax Act came into force from .
• The income from foreign companies by providing the services in project connected with security of India is from tax liability.
• The awards and rewards are exempted from Income Tax if .
• Income received in India whether occurred in India or outside India, the tax incidence in case of resident is .