basic concept of income tax

Taxes can be broadly divided into __________

Direct Taxes are taxes that are ___________

Indirect Taxes are taxes that are _____________

Which of the following is the characteristic of Income Tax ?

Which of the following is not a characteristic of Income Tax ?

Income tax is __________

Income Tax of Previous Year, is charged to tax in the immediately following year called the _________

Tax is levied at rates of income tax, fixed by the relevant _________

In case, the Finance Act has been passed as on April 1 of the relevant AY, rates of income tax in the provisions of the _____________ applies to ascertain tax on income.

Law as on _________ is applied for income tax purpose

In order to understand the Income Tax Law, a person has to study which of the following ?

The rate at which total income of an assessee are taxable are categorised into two parts, one is slab rate which is applicable on ___________ and the other is flat rate which is applicable on ___________

Income-tax law is passed, in which of the following sequence ?

i. FM presents Finance Bill

ii. Passed by Both Houses of Parliament

iii. Receives Assent of the President

iv. Becomes Finance Act

Finance Bill is presented by the _________

Finance Bill contains amendments to, and provides for ____________

Income-tax Act, 1961 came into force as on __________

There are ____ parts in the First Schedule

Part I of the First Schedule of Finance Act, 2018 contains _________

Part II of the First Schedule of Finance Act, 2018 contains _____________

Part III of the First Schedule of Finance Act, 2018 contains ________

Part IV of the First Schedule of Finance Act, 2018 contains _________

Income-tax Act provisions are applicable ____________

Income-tax Act, 1961 is divided into ________

Income-tax Act contains provisions relating to _______

Income-tax Act is subject to amendments from time to time which are brought about by various ________

CBDT has power make rules u/s

CBDT has power to make rules which are necessary for the ______________

Notification is a subordinate legislation and is issued under powers delegated by ____________

Income Tax Notifications lay down the general law which deals with_____________ aspects of the Income tax Act.

Income Tax Notifications can be issued by ____________