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Commerce · Q578

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 578

Q578

The Income Tax Act was implemented on 1st April 1961. Which of the following areas basically falls under the scope of the Income Tax Act, 1961?

A.
Basic charging income
B.
Rebates and reliefs
C.
Incomes exempted from income tax
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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