GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is NOT a source of income?
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Social welfare payments
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Profit from capital
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Wage from labour
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Rent from land
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Explanation:
Detailed explanation-1: -Capital refers to the initial sum invested. A capital gain, therefore, is the profit realized when an investment is sold for a higher price than the original purchase price.
Detailed explanation-2: -Income of every kind, which is not chargeable to income tax under the heads salary, income from house property, profits and gains of business and profession, capital gains can be taxed under the head “income from other sources". This is income that is not chargeable to tax under any other head of income.
Detailed explanation-3: -Salary. House property. Capital gains. Profits and gains of business or profession. Other sources. 14-Mar-2023
There is 1 question to complete.