Which of the following person's income would not be taxed in the previous year itself but would be taxed in the assessment year only?
CS Executive · Tax Laws · PYQS · June 2021
Which of the following person's income would not be taxed in the previous year itself but would be taxed in the assessment year only?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B). Official source note: Which of the following person’s income would not be taxed in the previous year itself but would be taxed in the assessment year only ? (A) Income of non-resident from shipping business in India (B) Income of person leaving India temporarily for a short stay outside India (C) Income of bodies formed for short duration (D) Income of discontinued business
Topics: Income Tax
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