A professor of a college receives monthly salary from the college. He is appointed by the University as examiner during the final exams conducted by the university. In this case the remuneration received as an examiner is taxable under the head:
A. Salary
B. Profits of Business and Profession
C. Income from other sources
D. None of the above
Answer:C
A professor of a college receives monthly salary from the college. He is appointed by the University as examiner during the final exams conducted by the university. In this case the remuneration received as an examiner is taxable under the head:
A. Salary B. Profits of Business and Profession C. Income from other sources D. None of the above