Question
Under the Income Tax Act, 1961, which of the following
incomes is exempt from tax in the hands of an individual?Solution
• Agricultural income earned from land situated in India is exempt under Section 10(1). • Other options are taxable: o Salary (even from a foreign company) is taxable if earned in India o Lottery winnings are taxed at flat 30% u/s 115BB o FD interest is taxable as “Income from Other Sources”
India's power demand is expect to soar (1)/in summer, with weather officials forecasting (2)/maximum temperatures above normal in April (3)/in many nort...
Frequent and knee-jerk changes only (1)/points to the absence of a long-term (2)/visionary strategic policy not just for (3)/airlines but also for the e...
- Find out the error according to the grammar and context of the given sentences. If there is no error, mark option 5, i.e. No error. (Ignore the punctuation...
X. India continues to rank poorly in various global indices that reflects the quality of life, human capital or human development in the country.
...In the question below, three sentences are given, each divided into four parts, which may or may not contain grammatical errors. From the options, choo...
I. Besides serving (A) digital and logistical (B) infrastructure and a growing rural economy, what enthuses unicorns (C) inc...
Read the sentence to find out whether there is an error in it. The error, if any, will be in one part of the sentence. The letter corresponding to that ...
It was he who came running in the house with the news about the earthquake.
Given below is a sentence with or without an error. The error, if any, is in one part of the sentence. Choose the correct part which contains the error...
Find out the error according to the grammar and context of the given sentences. If there is no error, mark option 5, i.e. No error. (Ignore the punctu...
Relevant for Exams:
