Q.

Under the Income-tax Act, 1961, 'notional profit' from speculative business is –

A. Taxable under the head 'income from profits and gains of business and profession
B. Taxable under the head 'income from other ' sources'
C. Taxable either as income from other sources or as income from profits and gains of business and profession
D. Not taxable.
Answer» B. Taxable under the head 'income from other ' sources'
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