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Which of the following income is not included in the term “Income” under the Income Tax Act, 1961

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Which of the following income is not included in the term “Income” under the Income Tax Act, 1961

a. Profits and gains 

b. Dividend 

c. Profit in lieu of salary 

d. Reimbursement of travelling expenses

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1 Answer

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Correct option is b. Dividend 

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