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You are request to reply these quieries, are below
mentioned statement are true?
(1) Deduction in respect of maintenance including
medical treatment of a dependent who is person of
disability shall be allowed to a non resident in India.
(2) Only 35% of income from growing and manufacturing
of rubber is liable to tax.
(3) A business loss can be setoff against income from
speculation business but loss in respect of speculation
business can only be set-off against income of another
speculation business.
(4) Remuneration received by Member of Parliament are
taxable under the head “profit and gains from business or
profession.
(5) Zero coupon bond shall be treated as “short term
capital asset” if held for more than 12 months but not more
than 36 months.
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