Loss due to fire of hired machinery is.............................
A) capital loss.
B) revenue loss.
C) capital expenditure
D) none of the above.
Correct Answer:
Verified
Q4: Which of the following is not a
Q5: Compensation for cancellation of a licence by
Q6: Compensation received for loss of trading asset
Q7: Salary received by the manager of an
Q8: A citizen of India who goes abroad
Q10: Embezzlement of cash by a cashier is.................
A)a
Q11: Who among the following may be "not
Q12: Agricultural income in Pakistan is assessable for........................
A)resident
B)not
Q13: Section.................. of the Income Tax Act deals
Q14: Gratuity received by a government employee is
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