​Section 28 to 44 D of the Income Tax Act. 1961 is related with :​

Correct option is D

Correct Answer: (d) Profits & Gains from Business & Profession

Explanation

• Sections 28 to 44D of the Income Tax Act, 1961 deal with the computation of income under the head "Profits and Gains of Business or Profession" (PGBP).
•  These sections specify what incomes are chargeable, allowable deductions, and disallowances related to business or professional activities.
• Section 28 defines taxable business income, while Sections 30–44D outline specific deductions such as rent, repairs, depreciation, and expenses for scientific research.

Information Booster:

·         Section 28 – Charges income under the head PGBP.

·         Section 32 – Provides depreciation on assets.

·         Section 35 – Covers expenditure on scientific research.

·         Section 37 – Allows general business expenditure deduction.

·         Section 44AD/44ADA/44AE – Presumptive taxation for small businesses and professionals.

Additional Knowledge:

• (a) Income from Capital Gains: Covered under Sections 45 to 55A.
• (b) Income from House Property: Covered under Sections 22 to 27.
•  (c) Income from Salary: Covered under Sections 15 to 17.