alleryStart learning →Which was NOT one of the four schedules of the 1860 Act?
AIncome from capital gains
BIncome from salaries and pensions
CIncome from landed property
DIncome from trade or profession
Answer & Solution
Correct answer: A. Income from capital gains
The four schedules covered landed property, professions and trade, securities and dividends, and salaries and pensions; capital gains came much later.
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