alleryStart learning →A spouse's salary from a concern of substantial interest is:
AExempt up to Rs 50,000 a year
BAdded to the individual's income
CTaxed in the spouse's hands only
DTaxed at a flat ten percent
Answer & Solution
Correct answer: B. Added to the individual's income
Section 64(1)(ii) adds such remuneration from a concern of substantial interest to the individual's total income.
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