Q23
Match the items of List I with the items of List-II and choose the correct answer: List-I (Types of Income) List-II (Heads of Income) a. Salary, bonus, commission etc received by a working partner from the firm 1. Income from other Sources b. Pension received by the widow of a government employee 2. Income from (short-term) Capital Gains c. Profits on the sale of machinery used in business 3. Income from Capital Gains d. Compensation received from the government on compulsory acquisition of land and profit earned 4. Income from Business and Profession 5. Income from Salaries
Match the items of List I with the items of List-II and choose the correct answer:
| List-I (Types of Income) | List-II (Heads of Income) |
| a. Salary, bonus, commission etc received by a working partner from the firm | 1. Income from other Sources |
| b. Pension received by the widow of a government employee | 2. Income from (short-term) Capital Gains |
| c. Profits on the sale of machinery used in business | 3. Income from Capital Gains |
| d. Compensation received from the government on compulsory acquisition of land and profit earned | 4. Income from Business and Profession |
| 5. Income from Salaries |
A.
a-5, b-2, c-1, d-3
B.
a-4, b-2, c-3, d-5
C.
a-5, b-4, c-3, d-2
D.
a-4, b-1, c-2, d-3
AnswerAnswer: Option D
Solution
Answer: Option D
No explanation is given for this question Let's Discuss on Board