The benefit of basic exemption limit applicable to an Individual is available from all Incomes except:
A. Long term Capital Gains u/s 112
B. Long term Capital Gains u/s 112A
C. Short term Capital Gains u/s 111
D. Winnings from Lotteries and other casual income.
Answer:D
The benefit of basic exemption limit applicable to an Individual is available from all Incomes except:
A. Long term Capital Gains u/s 112 B. Long term Capital Gains u/s 112A C. Short term Capital Gains u/s 111 D. Winnings from Lotteries and other casual income.