Which of the following is not included in the term Income under the Income Tax Act, 1961?
A) Reimbursement of travelling expenses
B) Profits and gains of business or profession
C) Dividend
D) Profit in lieu of salary
Correct Answer:
Verified
Q1: An individual is resident and ordinarily resident
Q2: The Resident HUF is ordinarily resident in
Q4: 14 Income from shares of a public
Q5: Salary, bonus, commission or remuneration due to
Q6: Perquisite received by the assessee during the
Q7: Under the head Business or Profession, the
Q8: Gain arising from the disposal of _
Q9: _are capital assets.
A)Stock in trade
B)Sculpture
C)Immovable property
D)Both b
Q10: A person who derives his income by
Q11: Bonus shares are issued by a company
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents