. Salary received by a partner from the firm in which he is a partner is taxable under the head................
A) income from salary
B) capital gains
C) profits and gains of business or profession
D) income from other sources
Correct Answer:
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Q6: The existing Maximum Marginal Rate of tax
Q7: Which of the following is not included
Q8: Share of income from firm is................
A)taxable in
Q9: The periodic payment of money for the
Q10: Pension is taxable under ..........................head.
A)salary
B)house property
C)capital gains
D)other
Q12: Family pension received by the widow of
Q13: Salary paid by an employer out of
Q14: Salary received by a Member of Parliament
Q15: Interest on capital paid by the firm
Q16: Under Income Tax Act depreciation is allowed
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