Stake money on owning and maintaining race horses is Rs. 70,000 and ex – McqOptions

MCQOPTIONS

1.	Stake money on owning and maintaining race horses is Rs. 70,000 and expenses incurred is Rs. 20,000. Its taxable income is:
A.	Rs. 70,000
B.	Rs. 50,000
C.	Nil
D.	None of above
Answer» C. Nil

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