Any payments made under and awards instituted by central or state Governments are..............

Related MCQs

• Any some received under key man insurance policy taken on the life of the employee shall be ..........................
• Cost inflation rules for the purpose of long term capital gain has been notified by central government every year starting from the financial year..................
• Exemption u/s 54 is allowed when a residential house is sold and the investment is made in .............................
• Deduction of tax at source made for incomes which can be calculated in advance is called.......
• Contribution made to an approved research association is eligible for deduction up to.................
• Capital expenditure on scientific research which cannot be absorbed on account of insufficiency of profit in any accounting year can be carried forward for.....................
• Under the income- tax act, the incidence of taxation depends on......................
• The following is not taxable as income under the head "Salaries".
• Rates of Income tax are fixed under .......................
• Exempted incomes are defined under section................