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”
Where are India's tropical evergreen forests NOT predominantly found?
Which of the following regions lie in the rain shadow zone of the South west monsoon?
1. Interior parts of Maharashtra
2. Madhya Pradesh
Consider the following pairs:
Hills Region
1. Cardamom Hills Coromandel Coast
...
Which one of the following pairs of States of India indicates the easternmost and westernmost State
Consider the following pairs:
Which of the pairs give...
Shimla, Ranikhet, Lansdowne, Mussoorie are the major hill stations lying in
Among the following cities, which one lies on a longitude closest to that of Delhi?
Which one of the following is an artificial lake?
Two important rivers- one with its source in Jharkhand (and known by a diff erent name in Odisha), and another, with its source in Odishamerge at a pl...
Which of the following Emperor died by falling from the stairs?
