Question
What does section 6 of the Income Tax Act deal
about?Solution
Section 6 of the Income Tax Act, 1961, in India, deals with the determination of the residential status of an individual for income tax purposes. It establishes the criteria that help identify whether an individual is considered a resident or a non-resident in India during a particular financial year. The residential status is crucial as it determines the scope of an individual's tax liability in India. Depending on their residential status, different rules apply to the taxation of various types of income earned by the individual.
The Bohag Bihu festival is observed in the month of _______.
RBI imposed Rs 1 crore penalty on State Bank of Travancore for violating instructions as reported by which rating agency?
Who was the first king to have the image of Lord Buddha inscribed on his coins?
The Indian Express was started by whom?
The dropping of seeds at regular intervals in ploughed furrows is known as
What was India's Current Account Deficit (CAD) as a percentage of GDP in Q1 FY25?
"Yakshagana" folk dance is associated to which Indian state?
Who assumed office as the 8th Chief Minister of Delhi in September 2024?
Which scheme is designed to support the financial needs of farmers by offering flexible and easily accessible credit?
Match the following Indian Space Research Organisation (ISRO) Space centres with their respective location.
Space Centres Location
(i) I...
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