A winning from lotteries is Rs. 50,000 and expenses incurred to earn s – McqOptions

MCQOPTIONS

1.	A winning from lotteries is Rs. 50,000 and expenses incurred to earn such income is Rs. 5,000. Its taxable income is
A.	Rs. 50,000
B.	Rs. 45,000
C.	Nil
D.	None of above
Answer» B. Rs. 45,000

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