New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The term ‘ Previous year’ is defined under which

    section of Income Tax Act?
    A Section 2 Correct Answer Incorrect Answer
    B Section 6 Correct Answer Incorrect Answer
    C Section 4 Correct Answer Incorrect Answer
    D Section 3 Correct Answer Incorrect Answer

    Solution

    The term "Previous year" is defined under Section 3 of the Income Tax Act. This section provides definitions for various terms used in the Income Tax Act, and "Previous year" refers to the financial year immediately preceding the assessment year.

    Practice Next