The trade union has income from head House property. It has applied for registration which has been denied. The income from head House property shall be
A. Exempt from Tax.
B. Taxable as house property income.
C. Taxable as profits and gains of business income.
D. Taxable as income from other sources.
Answer:B
The trade union has income from head House property. It has applied for registration which has been denied. The income from head House property shall be
A. Exempt from Tax. B. Taxable as house property income. C. Taxable as profits and gains of business income. D. Taxable as income from other sources.