As per section 56(2)(viii) Income by way of Interest received on compensation referred to in clause (1) of section 145B shall be chargeable to tax under.

CS Executive · Tax Laws and Practice · PYQS · December 2021
As per section 56(2)(viii) Income by way of Interest received on compensation referred to in clause (1) of section 145B shall be chargeable to tax under.
(A) Income from Salary.
(B) Income from Business and Profession
(C) Capital gain
(D) Income from Other Sources

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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