With respect to the structure of the Income Tax Act, which of the following statements is correct?
A)The major components of the Income Tax Act are called Divisions.
B)The current Income Tax Act has Sections numbers 1 through 260, reflecting the fact that there are 260 Sections in the Act.
C)All Parts of the Income Tax Act have Divisions.
D)All Parts of the Income Tax Act contain at least one Section.

Question

Quizplus · Accepted Answer

All Parts of the Income Tax Act contain at least one Section. The Act is structured into Parts, which are then further divided into Divisions and Sections. There are currently over 3,000 Sections in the Income Tax Act.

With Respect to the Structure of the Income Tax Act