Income Tax is ___________

(a)

a business tax

(b)

a direct tax

(c)

an indirect tax

(d)

none of these

Period of assessment year is ________.

(a)

1^st April to 31st March

(b)

1^st March to 28th Feb

(c)

1^st July to 30th June

(d)

1^st Jan to 31st Dec.

The year in which income is earned is known as _____.

(a)

Assessment year 

(b)

Previous year

(c)

Light year 

(d)

Calender year

The aggregate income under five heads is termed as _______.

(a)

Gross Total Income

(b)

Total Income

(c)

Salary Income

(d)

Business Income

Agricultural income earned in India is ______.

(a)

Fully Taxable

(b)

Fully Exempted

(c)

Not considered for Income

(d)

None of the above