Multiple Choice Questions on Any amount of money received in excess of 50 000 without consideration is fully taxable in the hands........... for UGC NET ( Commerce) Preparation

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Multiple Choice Questions

Any amount of money received in excess of 50 000 without consideration is fully taxable in the hands...........

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Any amount of money received in excess of ` 50,000 without consideration is fully taxable in the hands of     (2 marks)

Individuals

Incorrect Answer

Individuals and HUF

Correct Answer

Individuals, HUF and Company

Incorrect Answer

All assessees

Incorrect Answer
Explanation:

Individuals and HUF

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