Question
Under the Income Tax Act, 1961, which of the following
incomes is fully exempt from tax in the hands of the individual taxpayer?Solution
As per Section 10(1) of the Income Tax Act, 1961, agricultural income is fully exempt from income tax under the Indian tax law. This exemption arises because agriculture is a state subject and agricultural income is not included in the purview of income tax for individuals. Other incomes such as salary, capital gains, and interest income are taxable under various sections of the Act.
Given below are sentences with an error in each. The error is in one part of the sentence. Below each sentence are given the options containing the par...
The dust risen like (A) / billowing clouds as the (B) / cab pulled up around (C) / the corner of 5th A Cross. (D) / No error (E)
In the question below, three sentences are given, each divided into four parts, which may or may not contain grammatical errors. From the options, choos...
- In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and choose the option correspondin...
- Given below is a sentence with an error. The error is in one part of the sentence. Below the sentence are given the options containing the parts of the sen...
In the home there are (A)/many sources of humidity, (B)/from clothes hung out to dry (C)/to boil water used to cook pasta (D).
Hailed as a âhistoric summitâ by Israel, (A)/the meeting is widely seen as an attend (B)/to present a unified front against Iran (C).
Each sentence given below has been divided into four Sentence A, B, C, D, one of which is erroneous. Identify the erroneous part and mark that option a...
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark i...
In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your an...
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