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Which out of the following elements you find are sufficient for bringing to tax as income from Business or profession? (i) Ownership of the business is not necessary (ii) Business must be legal (iii) Income may be earned in cash or kind (iv) Profit motive is the sole considerationSelect correct answer from the options given below:

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Which out of the following elements you find are sufficient for bringing to tax as income from Business or profession?<br /> (i) Ownership of the business is not necessary<br /> (ii) Business must be legal<br /> (iii) Income may be earned in cash or kind<br /> (iv) Profit motive is the sole consideration<br />Select correct answer from the options given below:






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