Match the items of List-I with the items of List-II under the Income-tax Act, 2025 and choose the…

Under the Income-tax Act, 2025:

(a)-(iv): Salary, bonus, commission or remuneration received by a partner from the firm is chargeable under 'Profits and gains of business or profession' by section 26(2)(g), to the extent it is allowed as a deduction to the firm under section 35(e). A partner is not an employee of the firm, so this is not 'Salaries' (v).
(b)-(i): Family pension is a regular monthly amount paid by the employer to a family member after the employee's death. It is taxed under 'Income from other sources' under section 92(1), subject to the deduction in section 93(1)(d).
(c)-(ii): Machinery used in business forms part of a block of assets. Under section 74(2), the excess of the sale consideration over the written down value of the block (plus the cost of additions during the year and the transfer expenses) is deemed to be short-term capital gain, whatever the period of holding.
(d)-(iii): Urban land held for more than 24 months is not a short-term capital asset under section 2(101), so the gain on its transfer is long-term capital gain chargeable under section 67.

The correct code is therefore (a)-(iv), (b)-(i), (c)-(ii), (d)-(iii). (Formerly ss.28(v), 56, 57(iia) and 50 of the 1961 Act.)