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Total Income Computation Quiz

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Questions and Answers

Which of the following is considered as income chargeable under profits and gains from Business or Profession?

Salary received from employment

Income from renting out personal property

Incentives received for performing export business (correct)

Dividend income from investments

What type of income is included under income chargeable under profits and gains from Business or Profession?

Dividend income from stocks

Interest income from savings account

Value of perquisite received through business or profession (correct)

Rental income from residential property

Which of the following is not considered as income chargeable under profits and gains from Business or Profession?

Income from business or profession

Sum due/received by a partner of firm

Any sum received under Keyman insurance policy

Income from renting out personal property (correct)

What type of compensation is considered as income chargeable under profits and gains from Business or Profession?

<p>Any compensation or payment received due to termination or modification in the employment agreement</p> Signup and view all the answers

Which of the following is not considered as income chargeable under profits and gains from Business or Profession?

<p>Interest income from fixed deposits</p> Signup and view all the answers

Total Income Computation Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is considered as income chargeable under profits and gains from Business or Profession?

What type of income is included under income chargeable under profits and gains from Business or Profession?

Which of the following is not considered as income chargeable under profits and gains from Business or Profession?

What type of compensation is considered as income chargeable under profits and gains from Business or Profession?

Which of the following is not considered as income chargeable under profits and gains from Business or Profession?

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