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Commerce · Q467

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 467

Q467

Assertion (A) A person can not be liable to pay income tax for the income earned by the another person. Reason (R) Income tax department is governed by the CBDT. Which of the following is correct?

A.
Both (A) and (R) are true
Answer
B.
Both (A) and (R) are false
C.
(A) is true, but (R) is false
D.
(R) is true, but (A) is false

Answer: Option A

Solution

Answer: Option A
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