Normal rates of income-tax are prescribed in the —

CS Executive · Tax Laws and Practice · PYQS · December 2016
Normal rates of income-tax are prescribed in the —
(A) Income-tax Act, 1961
(B) Income-tax Rules, 1962
(C) Finance Act of the current year
(D) CBDT circulars.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C). Official source note: Nornal rates of income-tax are prescribed in the - (A) Income-tax Act, 1961 (B) Income-tax Rules, 1962 (C) Finance Act of the current year (D) CBDT circulars.

Topics: Income Tax

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