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      Question

      As per the definition of income under the Income Tax

      Act, income includes the following ___________
      A Profits and gains Correct Answer Incorrect Answer
      B Dividend declared Correct Answer Incorrect Answer
      C The profits and gains of any business of banking carried on by a co-operative society with its members Correct Answer Incorrect Answer
      D All the above Correct Answer Incorrect Answer
      E Both (a) & (b) Correct Answer Incorrect Answer

      Solution

      Section 2(24) of the Income Tax Act, 1961

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