Which section of Income Tax Act, 1961 provides exemption from compensation received on account of any disaster from Central Government?

CS Executive · Tax Laws and Practice · PYQS · December 2021
Which section of Income Tax Act, 1961 provides exemption from compensation received on account of any disaster from Central Government?
(A) Section 10(10B)
(B) Section 10(10BB)
(C) Section 10(10BC)
(D) Section 10(10C)

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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