Notional Profit from speculative business is –
A. Taxable under the head income from profit and gains of business and profession
B. Taxable under the head income from other sources
C. Taxable either as income from other sources or as income from profits and gains of business and profession
D. Not taxable
Answer:D
Notional Profit from speculative business is –
A. Taxable under the head income from profit and gains of business and profession B. Taxable under the head income from other sources C. Taxable either as income from other sources or as income from profits and gains of business and profession D. Not taxable