Question:
Income is defined under which of the following provision of the Income Tax Act, 1961?
Income is defined under which of the following provision of the Income Tax Act, 1961?
Updated On: Nov 7, 2024
- Section 2(31)
- Section 2(24)
- Section 2(9)
- Section 3
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The Correct Option is B
Solution and Explanation
Section 2(24) of the Income Tax Act, 1961 defines “income” for tax purposes, detailing various types of income included under this term.
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