Charging section for income-tax is:
ASection 1
BSection 4
CSection 5
DSection 14
Answer & Solution
Correct answer: B. Section 4
1. Section 4 is the charging section.
2. Income-tax is charged on the total income of the previous year at rates prescribed by the Finance Act.
3. The charge attaches to every person, subject to scope under Section 5 and heads under Section 14.
_Source: ICAI BoS CA Final Paper 7, Ch 1 "Basic Concepts"_
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