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    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
    E Section 5 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.

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