Skip to content

CS Executive · Tax Laws and Practice · Incomes which do not form part of Total Income

Under the Income-tax Act, 2025, which provision states that income enumerated in Schedules II, III, IV, V and VI is left out of total income, subject to the conditions in those Schedules?

Section 11 of the Income-tax Act, 2025 excludes income listed in Schedules II, III, IV, V and VI from the total income of any person for a tax year, provided the conditions in those Schedules are fulfilled. Section 12 covers only political parties and electoral trusts.

  1. ASection 11Correct
  2. BSection 12
  3. CSection 13
  4. DSection 358

Explanation

Section 11(1) provides that, in computing the total income of any person for a tax year, income listed in Schedules II to VI is not included, subject to the conditions specified. Section 12 deals only with political parties and electoral trusts, and Section 13 lists the heads of income. Section 358 concerns appeals.

Did you get it right without looking?

One question tells you little. A timed set on Incomes which do not form part of Total Income shows your real accuracy, how long you take and where you lose marks.

Practise Incomes which do not form part of Total IncomeFree diagnostic mock

More Incomes which do not form part of Total Income questions