A residential house is considered a capital asset under the Income Tax Act.

Sale of stocks is considered as a capital gain.

All of the above are considered as supplies under GST.

Interest on savings account is considered taxable income under the Income Tax Act.

Interest on savings account is considered as income from other sources.

Interest on savings account is classified under 'Income from Other Sources'.

Healthcare services are exempt from GST.

Agricultural income is exempt from income tax.

Capital gains are included in the definition of 'Income' under the Income Tax Act.

Income from salary is included in the taxable income of an individual.

Increased tax liability is NOT a benefit of filing income tax returns.

Tax refunds are not a component of Gross Total Income.

Gifts from friends are not a component of taxable income.

VAT (Value Added Tax) is not a component of the GST structure; it was replaced by GST.

VAT is not a component of the GST structure; it was replaced by GST.

Being a citizen of India is not a condition for being classified as a 'Resident' in India.

The landlord being registered for GST is not a condition for claiming HRA exemption.

Citizenship is not a criterion for determining the residential status of an individual.

Health Insurance Premium is not a deduction under Section 80C; it falls under Section 80D.

Home loan principal repayment is not a deduction under Section 80D.

Gifts from friends are not taxable under the head 'Income from Other Sources'.

UGST is not a recognized type of GST. The three types are CGST (Central GST), SGST (State GST), and IGST (Integrated GST).

Income from lottery is taxable and not exempt under Section 10.

Income from lottery is taxable and not exempt under Section 10 of the Income Tax Act.

Gifts from relatives are not taxable under the Income Tax Act.

Wealth is not a type of income under the Income Tax Act; it is a separate category for wealth tax.

Health Insurance Premium is covered under Section 80D, not 80C.

Filing income tax returns is not required if no income is earned, as there is no tax liability.

Gifts from relatives are not considered as taxable income under the Income Tax Act.

Input tax credit is not eligible for the purchase of exempt goods.