A deemed dividend. [6:46 p.m., 2021-11-19] RAV SIDHU: Which of the following statements is NOT correct?

Select one: a. Interest paid on funds borrowed to make interest-free loans to employees is not deductible. b. Income from rental properties can be either business income or property income. c. When property income is earned, the income attribution rules are applicable. d. Interest paid on a mortgage on a principal residence can be deductible.