CAF-2 · Chapter 13 · Question 2 of 15
If a resident taxpayer derives foreign-source income from multiple heads (e.g., Business and Property), how must this income be computed?
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Reveal answer & explanation
Correct answer: C) C) Foreign-source income is computed separately for each head of income.
Explanation
Foreign-source income is computed separately for each head of income. Accordingly, foreign-source income under one head will be computed separately from foreign-source income chargeable under any other head.
More Foreign Source Income of a Resident Person MCQs
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