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Questions and Answers
Which of the following is considered as income chargeable under profits and gains from Business or Profession?
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?
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?
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?
What type of compensation is considered as income chargeable under profits and gains from Business or Profession?
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Which of the following is not 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?
Signup and view all the answers
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