Salary, bonus, commission or remuneration due to or received by a working partner from the firm is taxable under the head.

Related MCQs

• Perquisite received by the assessee during the course of carrying on his business or profession is taxable under the head.
• Income received or deemed to be received in India is taxable for
• Interest on capital or loan received by a partner from a firm is:
• Gain arising from the disposal of _________ is taxable under the head capital gains.
• Gifts received from others on the occasion other than marriage would be taxable if the aggregate amount exceeds
• Gain from sale of shares of Private Limited companies is taxable under section_________.
• The tax incidence for company or firm in which income received in India and company is resident is .
• The tax incidence for company or firm in which income received in India and company for non-resident is .
• The tax incidence for company or firm in which income received outside India from a source controlled from India for resident is .
• The tax incidence for company or firm in which income received outside India from a source controlled from India for non-resident is .