One of the following receipt is taxable under the head ‘Income from Other Sources’:

Related MCQs

• A winning from lotteries is Rs. 50,000 and expenses incurred to earn such income is Rs. 5,000. Its taxable income is
• The following is taxable under the head “Salaries”:
• Which of the following is not taxable under head ‘Salaries’?
• Which of the following is taxable under the head ‘salaries’?
• Income Computation and Disclosure Standards are to be applied in computation of income under the head:
• Deduction is not allowed to the assessee while computing income from other sources for
• While computing income from other sources, deduction is not allowed to the assessee for:
• Padmaja Power Co. (P) Ltd. is engaged in generation and distribution of electrical power. It avails deduction under section 80-IA. The gross receipts of the company is Rs. 89 lakhs. The last date for filing the return of income in order to be eligible to avail deduction under section 80-IA is ________________ . (Note: Assume there is no extension of time for filling the return of income)
• Following income of a resident and ordinarily resident is taxable in India, that is
• Section 80 RRB the Income-tax Act, 1961 deals with deduction from gross total income in respect of income by way of