Monika Asked a Question
September 11, 2021 4:48 pmpts 10 pts
(c) 1, 2 and 4 Taxable (d) 1, 2 and 3 Taxable ct? for 29 Which one of the following incomes is/are taxable? 1. A local authority has earned income from the supply of water or electricity outside its own jurisdictional area. 2. An income under the head capital gain to a local : in authority. try 3. A daily allowance received by a Member of Parliament 4. Income arising from the transfer of units of the Unit Trust of India or of mutual fund covered under Section 10 (23 D). it
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  • Priya sarda thankyou
    option 1 and 2 are taxable. rest are tax exempted. Section 10(23D) of the Income Tax Act provides that any income earned by a Mutual Fund registered under the SEBI Act, 1992 or t...
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