n NISM Certifications
XXI NISM Series XXI-A
Medium

The commission received from business forms part of the income from:

Practice question from NISM XXI A for PMS - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Capital Gains

  2. B

    Other sources

  3. Business and profession

    Correct answer

  4. D

    Salary

Why this is the answer

Commission income earned from business activities is classified under business and profession income.

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