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What determines the scope of an individual's total income in the Income Tax Act of India?
  • a)
    Their nationality and domicile.
  • b)
    Their residential status, place of accrual or receipt of income, and time of accrual or receipt.
  • c)
    The nature of their income sources.
  • d)
    Their employment status.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What determines the scope of an individual's total income in the Incom...
The scope of an individual's total income in the Income Tax Act of India is determined by their residential status, the place of accrual or receipt of income, and the time of accrual or receipt. These factors play a crucial role in determining which income is taxable and under what conditions.
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What determines the scope of an individual's total income in the Income Tax Act of India?a)Their nationality and domicile.b)Their residential status, place of accrual or receipt of income, and time of accrual or receipt.c)The nature of their income sources.d)Their employment status.Correct answer is option 'B'. Can you explain this answer?
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