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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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