Question

Which one of the following incomes is not taxable
under the head ‘Income from Other Sources’?
(a) Salary income of MPs
(b) Family pension
(c) Salary income of a partner
(d) Income from sub-letting.

Answer 1

Answer:

a salary income of pm because he increase or decrease taxes

Answer 2

Income from subletting is not at all taxable under the header ‘Income from Other Sources.

A sublet, also known as a sublease, is an agreement under which an inhabitant rents out their own apartment to another person while they still lease. The first inhabitant is known as the sublessor, and the new occupant is called the sublessee. This varies from basically leasing space to a flatmate. While subleasing, just the first inhabitant's name is to be on the lease. In a flatmate circumstance, all inhabitants are named on the lease.