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‘Income’ u/s 2(24) includes: (i) The profits and gains of a banking business carried on by a cooperative society with its members. (ii) Any advance money forfeited in the course of negotiations for the transfer of capital asset.Choose the correct option with reference to the above statements:

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‘Income’ u/s 2(24) includes:<br /> (i) The profits and gains of a banking business carried on by a cooperative society with its members.<br /> (ii) Any advance money forfeited in the course of negotiations for the transfer of capital asset.<br />Choose the correct option with reference to the above statements:






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