Which of the following is not included in taxable income –
A. Income from smuggling activity
B. Casual income
C. Gifts of personal nature subject to a maximum of ₹ 50,000 received in cash
D. Income received in kind
Answer:C
Which of the following is not included in taxable income –
A. Income from smuggling activity B. Casual income C. Gifts of personal nature subject to a maximum of ₹ 50,000 received in cash D. Income received in kind