Identify out of the following income which shall be chargeable to tax as income under the head - Income from Other Sources: (i) Income of Dividend (ii) Income from composite hiring of building with machinery (iii) Income

CS Executive · Tax Laws · PYQS · December 2020
Identify out of the following income which shall be chargeable to tax as income under the head - Income from Other Sources: (i) Income of Dividend (ii) Income from composite hiring of building with machinery (iii) Income from speculative business (iv) Income of a Jockey
(A) (i) & (ii)
(B) (iii) & (iv)
(C) (i), (ii), (iii) & (iv)
(D) (i), (iii) & (iv)

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income from Other Sources

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