Question

Match List-I with List-II: 

 

• (A) (II), (B) (1), (C) (III), (D) (IV)
• (A) (II), (B) (III), (C) (1), (D) (IV)
• (A) (II), (B) (1), (C) (IV), (D) (III)
• (A) (IV), (B) (III), (C) (1), (D) (II)

Hint:

Capital gains, salary, business income, and other sources are the main taxable heads under Income Tax. Always categorize income carefully.

Answer 1

The Correct Option is C

Step 1: Identify taxable heads for each income source.
- Sale of jewelry → Capital gain/loss
- Pension from former employer → Income from Salary
- Salary received from partnership firm → Profits and gains from business or profession
- Income from sub-letting → Income from other sources
Step 2: Match accordingly.
Correct matching: (A)-(II), (B)-(I), (C)-(IV), (D)-(III)