Economics · Income Tax

Under the Income Tax Act, the term 'casual income' does not include:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Receipt of money lying on the road
2Capital gain on sale of shares✓
3Winning from Gambling
4Winning from Lottery

Correct answer

Capital gain on sale of shares

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Under the Income Tax Act, the term 'casual income' does not include:

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