Question

Under the Income Tax Act, 1961, which of the following

Q: Answer-Under the Income Tax Act, 1961, which of the following incomes is exempt from tax in the hands of an...

Agricultural income earned from land situated in India is exempt under Section 101. Other options are taxable o Salary even from a foreign company is taxable if earned in India o Lottery winnings are taxed at flat 30 us 115BB o FD interest is taxable as Income from Other Sources

incomes is exempt from tax in the hands of an individual?

A Agricultural income from land located in India

B Salary received from a foreign company for services rendered in India

C Winning from lotteries

D Interest income on fixed deposits

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