Under the Income Tax Act, 1961, depreciation on machinery is charged on _______________.

Related MCQs

• The house rent allowance (HRA) under the salary head of Income Tax Act is given by_____________.
• Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is _______________.
• Challan No……………. is used by all categories of tax payers for payment of income tax.
• The return of income can be filed with the Income-tax Department in electronic mode only.
• Income Tax Act was passed in the year _________.
• The first income tax act was introduced in the year
• The Income Tax Act, which is still in force in India, was enforced in
• According to Section 2(7) of Income Tax Act "Assessee" means a person
• The first income tax act was introduced in the year
• The Central Government has notified Income computation and disclosure standards for computing income under the head Profits and Gains of Business and Profession - .