Income Tax Law and Practice mcq set 1

Q1: Income Tax Act, 1961 came into force on: A. 1 – 1 – 1961B. 1 – 4 – 1961C. 1 – 1 – 1962D. 1 – 4 – 1962 AnswerAnswer D. 1 – 4 – 1962 Q2: Income tax was levied in India first time in: A. 1960B. 1860C. 1921D. 1961 AnswerAnswer B. 1860…

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