Income from horse race falls 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
• Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head
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• Which is the charging section of income under the head profits and gains of business or profession?
• Which of the following is not taxable under the head income from other sources?
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• How many heads of income are there to compute gross total income?
• Pension is _______________ under the salary head.
• salary of Member of Parliament is taxable under the head _______________
• The salary, remuneration or compensation received by the partners is taxable under the head -----