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GK MCQs Section

Income Tax Act

What is Angel Tax?

The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These...

📅 February 3, 2023

Income Tax Slab Revamp

During the Union Budget presentation, Finance Minister Smt Nirmala Sitaraman announced that people earning up to Rs 7...

📅 February 2, 2023

Supreme Court on IT relief of Sikkimese women

The Supreme Court of India has recently ruled that the exclusion of Sikkimese women who marry non-Sikkimese men...

📅 January 14, 2023

Small Savings Schemes: West Bengal becomes the highest contributor

The National Savings Institute operating under the Ministry of Finance recently announced that West Bengal is the top...

📅 April 5, 2021

CBDT exempts Sovereign Wealth Fund: Key Facts, Benefits, Types, Sources of Sovereign Wealth Fund

The Central Board of Direct Taxes recently exempted the interest, dividend and long term capital gains made by...

📅 November 4, 2020

Deadline to payments under Vivad se Vishwas scheme extended

On October 27, 2020, the Government of India extended the deadline for making payment under the Vivad se...

📅 October 28, 2020

Ordinance passed for 100% Tax Exemption on donations to PM Cares Fund

On March 31, 2020, the Government of India passed an ordinance to allow 100% exemption on donations made...

📅 April 1, 2020

GoI sets up PM-CARES Funds to fight against COVID-19

On March 28, 2020, Prime Minister Modi announced PM-CARES Fund. The fund is being raised to deal with...

📅 March 28, 2020

Finance Minister on COVID-19: Tax Filings extended, ATM, bank charges waived off, Business Rules Eased and much more

On March 24, 2020, the Finance Minister Nirmala Sitaraman announced several key measures in the view of Corona...

📅 March 24, 2020

First SEZ in Tripura to focus on agro-based food processing

The Government of India approved the first SEZ (Special Economic Zone) at Sabroom, Tripura in October 2019. Recently,...

📅 December 18, 2019

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Income Tax Act

What is Angel Tax?

Income Tax Slab Revamp

Supreme Court on IT relief of Sikkimese women

Small Savings Schemes: West Bengal becomes the highest contributor

CBDT exempts Sovereign Wealth Fund: Key Facts, Benefits, Types, Sources of Sovereign Wealth Fund

Deadline to payments under Vivad se Vishwas scheme extended

Ordinance passed for 100% Tax Exemption on donations to PM Cares Fund

GoI sets up PM-CARES Funds to fight against COVID-19

Finance Minister on COVID-19: Tax Filings extended, ATM, bank charges waived off, Business Rules Eased and much more

First SEZ in Tripura to focus on agro-based food processing

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