The following incomes derived, received, and earned during the previous year are not subject to tax being exempt under the Act: (i) Money received by an individual as a member of HUF. (ii) Share of profit received by a partner from LLP. (iii) Interest in Savings bank account. (iv) Income of SAARC Fund.

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Question:The following incomes derived, received, and earned during the previous year are not subject to tax being exempt under the Act: (i) Money received by an individual as a member of HUF. (ii) Share of profit received by a partner from LLP. (iii) Interest in Savings bank account. (iv) Income of SAARC Fund.

1. (i) and (ii)

2. (i), (ii) and (iv)

3.None of the above

4. All of the above

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  1. The following incomes derived, received, and earned during the previous year are not subject to tax being exempt under the Act: (i) Money received by an individual as a member of HUF. (ii) Share of profit received by a partner from LLP. (iii) Interest in Savings bank account. (iv) Income of SAARC Fund.
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