Caution money forfeited by the assessee is: – McqOptions

MCQOPTIONS

1.	Caution money forfeited by the assessee is:
A.	Taxable in the year of forfeiture under the head “Income from Other Sources”
B.	Exempt fully
C.	Taxable in the year of forfeiture under the head “Capital Gain”
D.	Considered as casual income and liable to tax @ 30%.
Answer» B. Exempt fully

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