The salary, remuneration or compensation received by the partners is taxable under the head -----

Related MCQs

• An assessee was engaged in the business of dealing in commodities. He had paid Commodities transaction tax of Rs.15,000 in respect of the taxable commodities transactions. Income arising of Rs 3,00,000 from such taxable commodities transactions was included in the income computed under the head "Profits and gains of business or profession”. Such expenditure of payment of Commodities transaction tax shall be considered as
• salary of Member of Parliament is taxable under the head _______________
• Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head
• Which of the following is not taxable under the head income from other sources?
• Pension is _______________ under the salary head.
• The total income of a domestic company is taxable at the rate of -------
• The total income of a non domestic company is taxable at the rate of----
• Income distributed by a money market mutual fund or liquid fund is taxable @------
• In accordance with the provisions of Section 17(1) of Income Tax Act, 1961, the term salary includes _______________
• Under the head Income from House Property the basis of charge is ……