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21. The taxpayer liability is determined with reference to his or her ____________.
Financial Status
Residential Status
All of the above
None of the above
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22. As per the definition of Income, the income includes the following__________.
Profits and gains
Dividend declared
Voluntary contribution received by a trust c
23. Under the Income Tax Act, the income liable for tax is classified on the basis of________.
Income from Salaries
Income from House Property
Agricultural Income
Both (a) and (b)
24. Agricultural income is completely exempted for the assessment year __________.
1974-75
1985-86
1975-76
1978-79
25. The income from foreign companies by providing the services in a project connected with the security of India is _________from tax liability.
50% exempted
20% exempted
100% exempted
55% exempted
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