Indian Taxation system was framed in Constitution of law in Article _____________Seventh Schedule.

(a)

146

(b)

246

(c)

248

(d)

249

________________exercises overall control over Administration of Taxes.

(a)

Income Tax Officer

(b)

Tribunal

(c)

CBDT

(d)

Finance Minister

Normal  income Tax is prescribed by ___________every year.

(a)

Financial Minister

(b)

Finance Act

(c)

Finance Department

(d)

None of these

Calculation of Gross Total income Section is__________ of IT Act.

(a)

80A

(b)

80B (5)

(c)

80C

(d)

80G (5)

Which income is exempled from tax?

(a)

Capital gain

(b)

Lottery

(c)

Agricultural income

(d)

Deemed income