Q. Stake money on owning and maintaining race horses is Rs. 70,000 and expensesincurred is Rs. 20,000. Its taxable income is: (Solved)
1. Rs. 70,000
2. Rs. 50,000
3. Nil
4. None of above
- b. Rs. 50,000
1. Rs. 70,000
2. Rs. 50,000
3. Nil
4. None of above