Question
Legal Studies Question on Tax Law
Under which provision of the Income Tax Act, 1961 is the scope of the resident’s ‘total income’ covered?
A
Section 5
B
Section 10
C
Section 30
D
Section 8
Answer
Section 5
Explanation
Solution
Section 5 of the Income Tax Act, 1961, defines the scope of ‘total income’ of a resident. It includes income from all sources, both within and outside India, unless exempted under specific provisions.