alleryStart learning →'Remuneration' includes perquisites as defined under which Act?
AIndian Contract Act, 1872
BIncome-tax Act, 1961
CIndustrial Disputes Act
DPayment of Wages Act
Answer & Solution
Correct answer: B. Income-tax Act, 1961
Section 2(78) imports the Income-tax Act definition of perquisites into remuneration.
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