Which of the following income is not chargeable under the head 'income from business and profession' ?
| A. | Profits and Gains carried on by an assessee during the previous year. |
| B. | Income derived by a trade professional or similar association from specific services performed for its members. |
| C. | Income from the activity of owning or owning and maintaining race horses. |
| D. | Salary received by a partner of a firm from the same firm. |
Answer : C Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
