A person who derives his income by dealing in shares of private, unlisted and public limited companies are covered under the head.

Related MCQs

• Gain from sale of shares of Private Limited companies is taxable under section_________.
• Which of the following is covered under section 80D of the Income Tax Act, 1961?
• 14 Income from shares of a public company set up in any special Industrial zone is exempt up to-------- years from the date of commencement of commercial production.
• As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.
• Mr. X has started his business from 2nd Sept,2019 and does not have any other source of Income, his first previous year will start from
• Which of the following is not included in the term Income under the Income Tax Act, 1961?
• Bonus shares are the shares issued by a company_____________.
• Perquisite received by the assessee during the course of carrying on his business or profession is taxable under the head.
• The income from foreign companies by providing the services in project connected with security of India is _________ from tax liability.
• Receipt of Income and remittance of income are different things