Which of the following is exempt from final tax?
A. Interest income earned by a bank from deposits in another bank
B. Interest income earned by a bank from lending activities
C. Royalties from books
D. All of these
Answer: C. Royalties from books
Which of the following is exempt from final tax?
A. Interest income earned by a bank from deposits in another bank
B. Interest income earned by a bank from lending activities
C. Royalties from books
D. All of these
Answer: C. Royalties from books