n NISM Certifications
XXI NISM Series XXI-A
Medium

Who is considered a person to levy income tax?

Practice question from NISM XXI A for PMS - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only A

  2. Only B

    Correct answer

  3. C

    Both A and B

  4. D

    Neither A nor B

Why this is the answer

Trusts (B) are considered persons; AOPs (A) are not.

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