MCQOPTIONS
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| 1. |
Any some received under key man insurance policy taken on the life of the employee shall be ......... |
| A. | Taxable under the head Business or profession |
| B. | Taxable under the head income from other sources |
| C. | Taxable in the hands of employee |
| D. | Exempt from tax |
| Answer» B. Taxable under the head income from other sources | |