Q161
Which of the following income is not chargeable under the head 'income from business and profession'?
A.
Profits and Gains carried on by an assessee during the previous year
B.
Income derived by a trade professional or similar association from specific services performed for its members
C.
Income from the activity of owning or owning and maintaining race horses
AnswerD.
Salary received by a partner of a firm from the same firm
Answer: Option C
Solution
Answer: Option C
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