John, engaged in fertiliser trade, received rent by sub-letting a building. This will be taxable under the head

CS Executive · Tax Laws and Practice · PYQS · June 2015
John, engaged in fertiliser trade, received rent by sub-letting a building. This will be taxable under the head
(A) Income from house property
(B) Income from capital gains
(C) Income from profits and gains of business and profession
(D) Income from other sources.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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