John, engaged in fertilizer trade, received rent by sub-letting a building. This will be taxable under the head –
A. Income from house property
B. Income from capital gains
C. Income from profits and gains of business and profession
D. Income from other sources
Answer:C
John, engaged in fertilizer trade, received rent by sub-letting a building. This will be taxable under the head –
A. Income from house property B. Income from capital gains C. Income from profits and gains of business and profession D. Income from other sources