Vidyalelo
Commerce · Q139

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 139

Q139

Which of the following incomes is NOT taxable as per Income Tax Act?

A.
Regular and definite source of Income
B.
Income received in kind
C.
Income received from mutual funds activities
Answer
D.
Income earned from illegal sources
E.
Income from let out house property

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board