Sales Tax Officer 13

61 Find out the incorrect statement
(a) income may be realised in the form of money or money’s worth
(b) for the purpose of taxation, the taint of illegality associated with income is immaterial
(c) A mete relief from expense is also considered as income
(d) if no income is received by the assessee no tax can be levied on him

62 Which of the following is not related to application of income?
(a) the contention of the assessee that he has applied the money for a charitable object
(b) voluntary forgoing by an employee from the salary due to him
(c) compulsory deduction from the salary
(d) none of the above

63 (1) Assessees, may be classified on the basis of their legal status only
(2) Every person who liable to pay income tax in respect of his own income will be treated as an assessee
(a) both (1) and (2) are right (b) both (1) and (2) are wrong
(c) (1) is right and (2) is wrong (d) (1) is wrong and (2) is right

64 The financial year in which tax is levied is called
(a) previous year (b) accounting year (c) calendar year (d) assessment year

65 Representative assessee is not related to
(a) income of a non-resident which is deemed to accrue or arise in India
(b) income to a minor, lunatic or idiot
(c) income received by official trustee or any receiver or any manager appointed by the court
(d) income of a deceased person