Please whether this statement are true?

All statemnts are true except of these

4)Member of parliament salary taxable under Income from other sources.Income from House property ,income form Capital gains is exempt in case of members of parliaments .

5)Zero coupon bonds shall be treated as short term capital asset if period of holding is less than 12 months

(1)   Deduction in respect of maintenance including medical treatment of a dependent who is person of disability shall be allowed to a non resident in India.

Ans. True

(2)   Only 35% of income from growing and manufacturing of rubber is liable to tax.

Ans. True

(3)   A business loss can be setoff against income from speculation business but loss in respect of speculation business can only be set-off against income of another speculation business.

Ans. True

(4)   Remuneration received by Member of Parliament are taxable under the head “profit and gains from business or profession.

Ans. False. Its the income under the head " Other Sources ".

(5)   Zero coupon bond shall be treated as “short term capital asset” if held for more than 12 months but not more than 36 months.

Ans.False. Short Term Cap Asset : If held for less than 36 months, else Long term Cap Asset.