Income tax is paid by every individual depending on his
A) citizenship
B) residential status
C) both of the above
D) neither of the above
Correct Answer:
Verified
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
Q9: As the income goes up, the slab
Q10: The financial year starts from
A)1st Jan to
Q11: Person includes
A)AOP
B)BOI
C)Company
D)All of the above
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
Q15: Assessee includes any person in respect of
Q16: The residential status of an Individual can
Q17: Citizenship is the criteria of assessment
A)true
B)false
C)somewhat agree
D)partially
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