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
  • 1 Answer(s)
  • Shares
  • 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...
    Show more
    Likes(0) Reply(0)
Head Office :
MPA 44, 2nd floor, Rangbari Main Road,
Mahaveer Nagar II, Kota (Raj.) – 324005

Corporate Office:
212, F-1, 2nd Floor, Evershine Tower,
Amrapali Marg,
Vaishali Nagar, Jaipur (Raj.) – 302021

All Rights Reserved ©