Question

30. Total income
(a) of one calendar year is charged to tax in the succeeding year
(b) of one financial year is charged to tax in the succeeding calendar year
(c) of one financial year is charged to tax in the succeeding financial year
(d) of one financial year is charged to tax in the preceding inancial year​

Answer 1

Answer:

c ) total income of one financialyear is charged to tax in the succeeding financial year