Perquisite received by the assessee during the course of carrying on his business or profession is taxable under the head.

Related MCQs

• Under the head Business or Profession, the method of accounting which an assessee can follow shall be:
• Salary, bonus, commission or remuneration due to or received by a working partner from the firm is taxable under the head.
• The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of resident is .
• The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of non-resident is .
• Income received or deemed to be received in India is taxable for
• 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_________.
• A person who derives his income by dealing in shares of private, unlisted and public limited companies are covered under the head.
• Assessee includes any person in respect of whom: