INCOME FROM BUSINESS

A PERSON ENGAGE IN BLOGGING AND DERIVING INCOME FROM BLOGGING IS ............................................................

• INCOME FROM BUSINESS

• CASUAL INCOME

• INCOME FROM PROFESSION

• INCOME FROM OTHER SOURCES

A PERSON IN REAL ESTATE BUSINESS RECEIVES INCOME FROM ..............

• INCOME FROM OTHER SOURCES

• BUSINESS

• INCOME FROM HOUSE PROPERTY

• CAPITAL GAINS

PRELIMINARY EXPENSES WRITTEN OFF IS A ................................EXPENSE

• ALLOWED BUSINESS EXPENSE

• DISALLOWED BUSINESS EXPENSE

• DISALLOWED BUSINESS INCOME

• HISTORICAL EXPENSE

IF A FATHER TAKES AN FD IN THE NAME OF THE SON , THE INCOME RECEIVED ON ACCOUNT OF FD INTEREST

• TAXABLE IN TEH HANDS OF FATHER

• TAXABLE IN THE HANDS OF THE SON

• NOT TAXABLE AS IT IS A GIFT FROM FATHER TO SON

• LOAN TO SON

INCOME FROM SELLING PAINTINGS BY AN ARTIST IS ................................INCOME

• SERVICE

• PROFESSIONAL

• VOCATIONAL

• BUSINESS

ENTERTAINMENT EXPENSES FOR STAFF ARE .......................................EXPENSES

• ADMISSIBLE

• INADMISSIBLE EXPENSES

• DISALLOWED EXPENSE

• TAXABLE

DONATIONS AND CHARITY ARE .......................................TO THE NET PROFIT WHILE COMPUTUNG TAXABLE INCOME FROM BUSINESS

• ALLOCATED

• MATCHED

• SUBTRACTED

• ADDED

IN ORDER TO BE TERMED AS BUSINESS INCOME, REGULARITY OF INCOME IS ESSENTIAL .. DO YOU AGREE WITH THE STATEMENT

• YES

• NO

• MAYBE

• NONE

Advertisement in souvenir of a ……………. is disallowed while computing business income.

• political party

• Trust

• NGO

• pROFESSIONAL

…………. tax is allowed as deduction while computing the business income.

• INCOME TAX

• SALES TAX

• WEALTH TAX

• BUSINESS