Podcast
Questions and Answers
What type of relationship must exist in order for income to be charged under the head 'Income from Salary'?
What type of relationship must exist in order for income to be charged under the head 'Income from Salary'?
- Employer-employee relationship (correct)
- Business partnership
- Friendship
- Family relationship
Which of the following is considered a part of 'Gross Salary' under the head 'Income from Salary'?
Which of the following is considered a part of 'Gross Salary' under the head 'Income from Salary'?
- Money received as a loan repayment
- Annuity (correct)
- Money earned from freelance work
- Gift from a friend
Under which head of income would income earned from one's profession be charged?
Under which head of income would income earned from one's profession be charged?
- Income from Salary
- Income from Capital Gains
- Income from House Property
- Income from Business or Profession (correct)
What type of assets can generate income chargeable under the head 'Income from Capital Gains'?
What type of assets can generate income chargeable under the head 'Income from Capital Gains'?
'Income from Other Sources' includes income that does not fall under which of the following heads?
'Income from Other Sources' includes income that does not fall under which of the following heads?
Which type of income would contribute towards 'Negative Income from House Property'?
Which type of income would contribute towards 'Negative Income from House Property'?
What does agricultural income generally mean as per section 2(1A) of the Income-tax Act?
What does agricultural income generally mean as per section 2(1A) of the Income-tax Act?
What is the key difference between Exempt Incomes and Taxable Incomes?
What is the key difference between Exempt Incomes and Taxable Incomes?
Which of the following is an example of Exempt Income according to the provided text?
Which of the following is an example of Exempt Income according to the provided text?
Under section 10(1) of the Income-tax Act, which type of income is Wholly exempt?
Under section 10(1) of the Income-tax Act, which type of income is Wholly exempt?
Which one of the following is NOT considered as agricultural income according to section 2(1A)?
Which one of the following is NOT considered as agricultural income according to section 2(1A)?
What type of income is generally charged to tax under the Income Tax law?
What type of income is generally charged to tax under the Income Tax law?
If a person is non-resident in India, is their foreign income taxable in India?
If a person is non-resident in India, is their foreign income taxable in India?
Can an assessee have different residential status for different assessment years?
Can an assessee have different residential status for different assessment years?
Is it possible for a person to be resident in more than one country at the same time for tax purposes?
Is it possible for a person to be resident in more than one country at the same time for tax purposes?
How is the residential status of a Firm, Association of Persons (AOP), Body of Individuals (BOI) determined?
How is the residential status of a Firm, Association of Persons (AOP), Body of Individuals (BOI) determined?
What determines if a company is considered resident in India for tax purposes?
What determines if a company is considered resident in India for tax purposes?
Does involuntary stay in India have any impact on determining residency status?
Does involuntary stay in India have any impact on determining residency status?
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