10 points
Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Commerce
(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 supp
(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)
Answer Now
- 0 Likes
- 1 Comments
- 0 Shares
Do You Want Better RANK in Your Exam?
Start Your Preparations with Eduncle’s FREE Study Material
- Updated Syllabus, Paper Pattern & Full Exam Details
- Sample Theory of Most Important Topic
- Model Test Paper with Detailed Solutions
- Last 5 Years Question Papers & Answers
Sign Up to Download FREE Study Material Worth Rs. 500/-
Priya sarda![best-answer]()
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 the Regulations made thereunder, shall not be included in computing its total income of a previous year. According to Section 10 (17) of the Income Tax Act, the following allowances are exempt from tax in the hands of a Member of Parliament: Daily allowance received by a Member of Parliament or by a Member of State Legislature or by member of any committee thereof.