5. If Mrs. A invests this rent amount in a business and incurs a loss of ` 20,000 and she has income from other business of ` 4 lakh. The income of rent and business will be chargeable to tax in the hands of - TAXATION
Options
AMr. A - ` 1,36,640 under income from HP and Mrs. A - ` 3.80 lakh under
income from business.
BMr. A - ` 1,22,640 under income from HP and Mrs. A - ` 4 lakh as
business profits.
CMrs. A - ` 1,36,640 under income from HP and ` 3.80 lakh as business
profits.
DMr. A - ` 1.80 lakh under income from HP and Mrs. A - ` 4 lakh as
business profits.
(2 Marks)
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