GK
TAXES IN INDIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The term principal officer is defined under Section
|
|
Section 2(7) of Income Tax Act, 1961
|
|
|
Section 2(10) of Income Tax Act, 1961
|
|
|
Section 2(24) of Income Tax Act, 1961
|
|
|
Section 2(35) of Income Tax Act, 1961
|
Explanation:
Detailed explanation-1: -The definition and explanation of income is given 2(24) of the Income Tax Act, 1961. Income under Indian Tax law encompasses every aspect of Gross Income, including all sources of revenue, and taxable income, which is gross income minus expenses and other adjustments.
There is 1 question to complete.