A. state governments
B. central government
C. rbi
D. local self government department
✅ The correct answer is option B.
In which year Income Tax was levied in India for the first time ?
A. 1960
B. 1961
C. 1860
D. 1857
✅ The correct answer is option C.
Income Tax Act was passed in the year_____________.
A. 1955
B. 1961
C. 1956
D. 1962
✅ The correct answer is option B.
CBDT is control by ______________.
A. central government
B. state government
C. both (a) and (b)
D. none of this above
✅ The correct answer is option A.
previous year started from ______________.
A. april
B. march
C. january
D. september
✅ The correct answer is option A.
Who is Tax payer?
A. assessee
B. businessman
C. trust
D. govt. employee
✅ The correct answer is option A.
Income tax is a ……………………
A. business tax
B. profession tax
C. direct tax
D. indirect tax
✅ The correct answer is option C.
A person is said to be an ordinarily Resident when the person is satisfying ________________.
A. both basic and additional conditions
B. only basic conditions
C. only additional conditions
D. not basic and additional conditions
✅ The correct answer is option A.
A person is said to be a non resident when he is _______________.
A. not fulfilling any one of the basic conditions
B. fulfilling only basic conditions
C. fulfilling only additional conditions
D. fulfilling both basic and additional conditions
✅ The correct answer is option A.
Who is assessee in case of a HUF?
A. father
B. spouse
C. karta
D. deemed karta
✅ The correct answer is option C.