Which of the following income is not included in the income under the Income Tax Act, 1961 ?
Under Section 10(14)(i) of the Income Tax Act, 1961, actual 'Reimbursement of official travelling expenses' incurred wholly and exclusively in the performance of official…
Choose your answer
Which of the following income is not included in the income under the Income Tax Act, 1961 ?
Answer and explanation
Correct answer D
Under Section 10(14)(i) of the Income Tax Act, 1961, actual 'Reimbursement of official travelling expenses' incurred wholly and exclusively in the performance of official duties is exempt and not included in taxable income.
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Rajasthan SET (RSET)