The awards and rewards are exempted from Income Tax if .

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.
• …………. is exempted from income tax.
• Which section of the Income Tax Act exempted incomes have been mentioned?
• Agricultural income is completely exempted for assessment year
• The children education allowance, the amount exempted from taxable income is limited to
• Income tax is collected on all types of income 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:.
• The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of resident is .