Under the Income Tax Act, 1961, Salary received by a partner from a partnership firm is chargeable under the head of:

CS Executive · Tax Laws · PYQS · December 2022
Under the Income Tax Act, 1961, Salary received by a partner from a partnership firm is chargeable under the head of:
(A) Profits and gains of business or profession
(B) Income from other sources
(C) Income from Salary
(D) Not Taxable Exempted Income

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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