Income tax as per section 4(1) of the Income Tax Act, 1961 shall be charged on the total income of the previous year of every person. The definition of person given in section 2(31) of the Act does not include in it: (i)

CS Executive · Tax Laws · PYQS · December 2021

Income tax as per section 4(1) of the Income Tax Act, 1961 shall be charged on the total income of the previous year of every person. The definition of person given in section 2(31) of the Act does not include in it: (i) Association of person (ii) Association of firms (iii) Body of Individuals (iv) Notified Entities

(A) (i) and (ii)

(B) (ii) and (iv)

(C) (iii) and (iv)

(D) (i) and (ii)

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B). Official source note: Income tax as per section 4(1) of the Income Tax Act, 1961 shall be charged on the total income of the previous year of every person. The definition of person given in section 2(31) of the Act does not include in it : (i) Association of person (ii) Association of firms (iii) Body of Individuals (iv) Notified Entities 66

Topics: Income Tax Act, 1961

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Income tax as per section 4(1) of the Income Tax Act, 1961 shall be charged on the total income of the previous year of every person. The definition of person given in section 2(31) of the Act does not include in it: (i)

Answer & Explanation:

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