Multiple choice

Which of the following applies to salary received by members of parliament?

  1. Taxable under the head of business profits

  2. Taxable under the head of income from other sources

  3. Taxable under the head of partnership

  4. Taxable under the head of salary

  5. Exempted from tax
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Salary received by members of parliament is taxable under the head of other sources.

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