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Subject KnowledgeCCI Junior Assistant Accounts 01 Sep 2026 Shift 1
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Which of the following is exempt from tax under 'Income from Other Sources' as per the Income Tax Act, 1961?

A

Gift received from father

B

Interest on savings account

C

Gift received from friend

D

Rent from letting out machinery

Correct Answer

๐Ÿ“š GK โ€ข GK Verified SolutionSubject KnowledgeCCI Junior Assistant Accounts 01 Sep 2026 Shift 1
Option A

Gift received from father

Quick Summary:

Practice and solve "Which of the following is exempt from tax under 'Income from Other Sources' as per the Income Tax Ac..." for Subject Knowledge - CCIJunior Assistant Accounts 01 Sep 2026 Shift 1. The correct answer is Option A: Gift received from father. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

Concept & Solution

Practice and solve "Which of the following is exempt from tax under 'Income from Other Sources' as per the Income Tax Ac..." for Subject Knowledge - CCIJunior Assistant Accounts 01 Sep 2026 Shift 1. The correct answer is Option A: Gift received from father. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

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