Under the Income Tax Act 1961, “Notional profit” from speculative business is:
a) taxable under the head income from “Profits and Gains from Business and Profession”
b) taxable under the head “Income from other sources”
c) either A or B
d) not taxable
a) taxable under the head income from “Profits and Gains from Business and Profession”
b) taxable under the head “Income from other sources”
c) either A or B
d) not taxable