πŸ“Š Income Tax Law and Practices
Q. 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
πŸ’¬ Discuss
βœ… Correct Answer: (D) Profit in lieu of salary

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