45. Mrs. Shivani, wife of Mr. Anurag, is a partner in a firm. Her capital contribution of 5 lakhs to the firm as on 1.4.2020 included * 3.5 lakhs contributed out of gift received from Anurag. The firm paid interest on capital of 50,000 and share of profit of * 60,000 during the F.Y.2020-21. The entire interest has been allowed as deduction in the hands of the firm. Which of the following statements is correct? (a) Share of profit is exempt but interest on capital is taxable in the hands of Mrs. Shivani. (b) Share of profit is exempt but interest of 39,286 is includible in the income of Mr. Anurag and interest of ? 10,714 is includible in the income of Mrs. Shivani. (c) Share of profit is exempt but interest of 35,000 is includible in the income of Mr. Anurag and interest of ? 15,000 is includible in the income of Mrs. Shivani. (d) Share of profit to the extent of 42,000 and interest on capital to the extent of 35,000 is includible in the hands of Mr. Anurag