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.
The organisational reshuffle has once again brought to fore the internal ___________ which has been _____________ regularly over the past few months.
Select the option to complete the sentence most logically and appropriately.
the sky clouded over and__________.
Directions: Below given sentences contain two blanks. Fill in the blanks with appropriate words.
The athletes had to undergo rigorous trainin...
- Given below is a sentence with one blank. Below the sentence are given four words among which one word might fill the blank. If none of the words fill the ...
The …………. on culture and civilisation in the party’s foreign policy articulation is rather evident over the years, &he...
The sudden increase in fuel prices has __________ fears of inflation among economists.
Fill in the blank with the most appropriate phrase.
He needed to __________ his plan and everything would be fine.
The comfortable chaise in the corner of the room was her favourite spot to ____ with a good book and relax.
In the following questions, each sentence has two blanks. Choose the appropriate set of words for the blanks that best fits in the context of the sente...
The centre has proposed ………… the scope of its UDAN scheme for regional connectivity by making more flight operations ………………for a ...