5 Questions
Which of the following is considered as income chargeable under profits and gains from Business or Profession?
Incentives received for performing export business
What type of income is included under income chargeable under profits and gains from Business or Profession?
Value of perquisite received through business or profession
Which of the following is not considered as income chargeable under profits and gains from Business or Profession?
Income from renting out personal property
What type of compensation is considered as income chargeable under profits and gains from Business or Profession?
Any compensation or payment received due to termination or modification in the employment agreement
Which of the following is not considered as income chargeable under profits and gains from Business or Profession?
Interest income from fixed deposits
Test your knowledge of computation of total income with this quiz. Explore the concepts of profit or gain from business or profession, and enhance your understanding of income chargeable under profits and gains.
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