McqMate
| Q. |
Any some received under key man insurance policy taken on the life of the employee shall be .......................... |
| A. | taxable under the head business or profession |
| B. | taxable under the head income from other sources |
| C. | taxable in the hands of employee |
| D. | exempt from tax |
| Answer» A. taxable under the head business or profession | |
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