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Match the items of List I with the items of List-II...

This question belongs to Commerce Income Tax And Corporate Tax
Income Tax and Corporate Tax
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Match the items of List I with the items of List-II and choose the correct answer:
List-I (Types of Income) List-II (Heads of Income)
a. Salary, bonus, commission etc received by a working partner from the firm 1. Income from other Sources
b. Pension received by the widow of a government employee 2. Income from (short-term) Capital Gains
c. Profits on the sale of machinery used in business 3. Income from Capital Gains
d. Compensation received from the government on compulsory acquisition of land and profit earned 4. Income from Business and Profession
5. Income from Salaries

Answer & Solution
Correct Answer: Option D
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