Section 2(24) of the Income Tax Act, 1961 defines income as it is:

CS Executive · Tax Laws · PYQS · December 2023
Section 2(24) of the Income Tax Act, 1961 defines income as it is:
(A) Exhaustive
(B) Exclusive
(C) Descriptive
(D) Inclusive

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D). Official source note: Section 2(24) of the Income Tax Act, 1961 defines income as it is : (A) Exhaustive (B) Exclusive (C) Descriptive (D) Inclusive 74

Topics: Income Tax Act, 1961

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