Start learning →

Total income of a taxpayer consists of income computed under which items?

AThe heads of income
BOnly the bank statements
COnly the previous returns
DThe state budget entries
Answer & Solution
Correct answer: A. The heads of income
Income is first computed head by head, and the sum of these forms the total income.
Practise this question with Quill — CA Final →

Keep practising Basic Concepts

Browse all Basic Concepts questions for CA Final, or explore more Taxation topics.

Start a Basic Concepts lesson →
Related questions