Share of profit is taxable in the hands of partner under the head:

CS Executive · Tax Laws · PYQS · December 2024
Share of profit is taxable in the hands of partner under the head:
(A) Business and Profession
(B) Capital Gain
(C) Other Sources
(D) Exempt from Tax

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act

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