Teaching EMRS Accountant Mock Test 2023 Income-tax and Corporate Tax Planning Deduction and Collection of tax at source
Statement A : According to Section 145, income chargeable under income from other sources shall be computed only on cash basis of accounting.
Statement B : Income from machinery let out on hire is taxable under income from other sources.
1
Statement A is true, but B is false
2
Statement A is false, but B is true
3
Both the statements are false
4
Both the statements are true