M.Who was carrying on agency business, received a sum of Rs.5,00,000 from his principal for termination of agency. Compensation so received shall be _________-
A) Exempt as it is capital receipt
B) Fully taxable as business income
C) Taxable as income from other sources
D) Intangible asset
Correct Answer:
Verified
Q1: Salary, bonus commission or remuneration due to
Q2: Perquisite received by the assesses during the
Q3: Interest on capital or loan received by
Q4: Export incentives received by an assessee are
Q6: Depreciation is allowed in case of _
A)Tangible
Q7: If the asset of a particular block
Q8: Which of the following tax is allowed
Q9: where the amount of an expenditure claimed
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