According to section 2(24) definition of 'income' is —

CS Executive · Tax Laws and Practice · PYQS · December 2014
According to section 2(24) definition of 'income' is —
(A) Inclusive
(B) Exhaustive
(C) Exclusive
(D) Descriptive.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Inclusive. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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