Multiple choice

As per provisions of Income Tax Act, 1961, the taxation of income of an assessee is not on which of the following bases?

  1. His place of source of income

  2. His residence

  3. Jurisdiction of the income tax authority

  4. None of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Levy of tax is separate on each of the persons. The levy is governed by the Indian Income Tax Act, 1961 and the taxation of individual's income is dependent on income tax authority.