Under the Income-tax Act, 1961, interest on capital received by a part – McqOptions

MCQOPTIONS

1.	Under the Income-tax Act, 1961, interest on capital received by a partner from a partnership firm is chargeable under the head
A.	Profits and gains of business or profession
B.	Income from other sources
C.	Capital gains
D.	None of the above
Answer» B. Income from other sources

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