Question:
State the meaning of ‘Income from Property and Entrepreneurship’.
State the meaning of ‘Income from Property and Entrepreneurship’.
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Income from property includes rent and interest, while income from entrepreneurship refers to business profits.
Updated On: Jan 13, 2026
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Solution and Explanation
- Income from Property: Earnings from ownership of assets such as rent from land, interest on capital, and royalties.
- Income from Entrepreneurship: Profits earned by business owners after paying all costs, including wages, rent, and interest.
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