Income chargeable to tax under the Income Tax Act, 1961 in the Assessment Year has been defined in section 2(24) to include: (i) Voluntary contribution received by an electoral trust (ii) Profits of insurance business (i

Official answer key: (D). Official source note: Income chargeable to tax under the Income Tax Act, 1961 in the Assessment Year has been defined in section 2(24) to include : (i) Voluntary contribution received by an electoral trust (ii) Profits of insurance business (iii) Amounts received under Keyman Insurance Policy [except where it is exempt u/s 10(10D)] (iv) Gift from non-relative of an amount exceeding ₹ 50,000 (A) (ii) and (iv) (B) (i) and (iv) (C) (ii) and (iii) (D) All the four above