Articleship assessment test ICAI – MCQ
Mrs. Y holds 18% of equity shares of Swisso Ltd. Mrs. Y is also working in Swisso Ltd. as Finance Head. She do not possess any qualification to hold the position in Swisso Ltd. The salary received by Mrs. Y will be included in the total income of __________, assuming neither Mrs. Y nor any of her relatives are entitled to receive 20% or more profit in Swisso Ltd.
(b) Neither Mr. Y nor Mrs. Y
(d) Either Mr. Y or Mrs. Y whose income is higher