Section C applies on ..........
Individual and HUF
Co-operative Society
Firm
Company
Answer : A
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1) Preliminary expenses incurred are allowed deduction in
2) Education cess is leviable in case of:
3) Income which accrue or arise outside India and also received outside India taxable in case of:
resident only
not ordinarily resident
both ordinarily resident and NOR
None of the above
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4) Gift of Rs 5,00,000 received on 10 July, 2008 through account payee cheque from a non-relative regularly assessed to income-tax, is
A capital receipt not chargeable to tax
Chargeable as other sources
Chargeable to tax as business income
Exempt up to Rs.50,000 and balance chargeable to tax as income from other source
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5) Family pension received by a widow of a member of the armed forces where the death of the member has occurred in the course of the operational duties, is
Exempt up to Rs.3,00,000
Exempt up to Rs. 3,50,000
Totally chargeable to tax
Totally exempt under section 10(19)
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