Question

    Family Pension is taxable under which head of Income?

    A Salary Head Correct Answer Incorrect Answer
    B Business & Profession Correct Answer Incorrect Answer
    C Other Sources Correct Answer Incorrect Answer
    D Capital Gain Correct Answer Incorrect Answer

    Solution

    Family pension is considered income received by a family member (e.g., spouse, children) after the death of the pensioner. It is categorized under the "Other Sources" head of income for tax purposes because it is not earned as a salary, business income, or capital gain.

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