The awards and rewards are exempted from Income Tax if . | Faculties

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Mr. Dubey

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📊 Income Tax Law and Practices

Q. The awards and rewards are exempted from Income Tax if .

(A) Payment is in cash
(B) Payment is in kind
(C) Payment is in cash or in kind
(D) None of the above

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✅ Correct Answer: (C) Payment is in cash or in kind

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