Question:
Under which provision of the Income Tax Act, 1961 is the scope of the resident’s ‘total income’ covered?
Under which provision of the Income Tax Act, 1961 is the scope of the resident’s ‘total income’ covered?
Updated On: Dec 14, 2024
- Section 5
- Section 10
- Section 30
- Section 8
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The Correct Option is A
Solution and Explanation
Section 5 of the Income Tax Act, 1961, defines the scope of ‘total income’ of a resident. It includes income from all sources, both within and outside India, unless exempted under specific provisions.
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