Question

Match List-I with List-II: 
\[\begin{array}{|l|l|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) Sale of jewelry} & \text{(I) Income from Salary} \\ \hline \text{(B) Pension from former employer} & \text{(II) Capital gain/loss} \\ \hline \text{(C) Salary received from a partnership firm} & \text{(III) Income from other sources} \\ \hline \text{(D) Income from sub-letting of property} & \text{(IV) Profits and gains from business or profession} \\ \hline \end{array}\]
 

• (A) (II), (B) (1), (C) (III), (D) (IV)
• (A) (II), (B) (III), (C) (1), (D) (IV)
• (A) (II), (B) (1), (C) (IV), (D) (III)
• (A) (IV), (B) (III), (C) (1), (D) (II)

Hint:

Capital gains, salary, business income, and other sources are the main taxable heads under Income Tax. Always categorize income carefully.

Answer 1

The Correct Option is C

Step 1: Determine the applicable taxable income category for each source.
- Jewelry sale → Capital gain/loss 
- Pension from previous employer → Income from Salary 
- Salary from partnership → Profits and gains from business or profession 
- Income from sublease → Income from other sources 
 

Step 2: Verify the correct pairings. 
Correct pairings: (A)-(II), (B)-(I), (C)-(IV), (D)-(III)