Q. A winning from lotteries is Rs. 50,000 and expenses incurred to earn such income is Rs.5,000. Its taxable income is (Solved)
1. Rs. 50,000
2. Rs. 45,000
3. Nil
4. None of above
- a. Rs. 50,000
1. Rs. 50,000
2. Rs. 45,000
3. Nil
4. None of above