Question

True or False Type Questions
Question No. 13
Total Income = Interest Earned + Other
Income
Answer
A
True
B.
B
False​

Answer 1

Answer:

option A true. I think this answer is correct

Answer 2

The statement is False.

• The considerable sum of all earned incomes earned under all heads, or credible sources of potential revenue, is referred to as gross total income.
• Total income, on the other hand, is the modest earnings obtained after deducting Section 80 deductions from gross combined income.
• These standard deductions are the direct expenses, proper allowances and specific reliefs.