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Commerce · Q330

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 330

Q330

For the purpose of assessment under Income Tax Act, 1961, which combination of the following represent income? 1. Tax-free salary from the private sector employer 2. Pin money received by a family member 3. Awards received by the sports person 4. Loss incurred by the assessee 5. Perquisites received by employees Select the correct one from the options given below

A.
1, 2, 3 and 4
B.
2, 3, 4 and 5
C.
1, 3, 4 and 5
Answer
D.
1, 2, 4 and 5

Answer: Option C

Solution

Answer: Option C
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