Question

In relation to the computation of total income, which of the following statements is INCORRECT?

A The residential status of an individual must be determined to ascertain which income is to be included in computing the total income
B There are five heads of income under the Income Tax Act, 1961
C Share of income of HUF is exempt in the hands of the member
D Salary or bonus received by a partner is taxable as income under the head salaries
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