As the income goes up, the slab of income tax rate goes
A) up
B) down
C) moderate
D) fluctuate
Correct Answer:
Verified
Q4: Assesee means a person from whome
A)Tax is
Q5: Agriculture income is exempt in India:
A)True
B)False
C)Somewhat agree
D)Neither
Q6: Agricultural income from foreign is taxable
A)True
B)False
C)Somewhat agree
D)Neither
Q7: Sale of land is a
A)Capital Receipt
B)Revenue Receipt
C)Both
Q8: Sales of goods is a
A)Revenue Receipt
B)Capital Receipt
C)Both
Q10: The financial year starts from
A)1st Jan to
Q11: Person includes
A)AOP
B)BOI
C)Company
D)All of the above
Q12: Income tax is paid by every individual
Q13: Income tax is a
A)Direct tax
B)Indirect tax
C)Neither of
Q14: Income tax is collected by
A)state government
B)central government
C)Semi-Government
D)All
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