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 rates which are prescribed by the Finance Act of relevant assessment year.
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• The capital gain is chargeable under of Income Tax Act.
• Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is .
• Rent from House Property let out by an assessee to his employees when such letting is incidental to his main business will be chargeable to tax under head .
• Previous year means the financial year immediately preceding the .
• 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 following is exempt income from Income Tax:.
• The Income tax rate for the financial year 2016-17 for individual is…………..