Question
Income received by an individual as a gift of ₹60,000
from a friend residing in India is:Solution
As per the Income Tax Act, gifts are taxable under "Income from Other Sources" if received from a non-relative (friend is not a specified relative) and the aggregate value exceeds ₹50,000 in a year. Since ₹60,000 > ₹50,000 and is from a friend, the entire ₹60,000 is taxable.
Which should be the fourth sentence after rearrangement?
Given that statement 1 is the first sentence, which of the following will be the SIXTH sentence after rearrangement?
- Parts of a sentence are given below in jumbled order. Arrange the parts in the correct order to form a meaningful sentence.
(A) parasite in the gut... Select the option that can substitute the highlighted segment in the given proverb correctly. If there is no need to substitute it, select ‘No substit...
- In the following questions, each question is divided into four parts. Rearrange the following parts into a meaningful sentence and mark the option accordin...
In Each question below has a sentence with four highlighted words that are jumbled. You need to rearrange them in the correct order to make a coherent s...
Experts, who mild (A) out that the infection has largely been pointed (B) during this wave, said infected (C) people are generally recovering (D) within...
Despite the consequences (A) of their actions being quite detrimental (B) to the overall morale of the team, the manager felt it was necessary to reitt...
Which of the following is the first sentence of the passage?
1- Though Mohan prefers watching romantic films, P- so much so that
Q- so he rented the latest spythriller,
R- and to his surprise he enjo...
