Mr. Rana, a resident and ordinarily resident aged 42 years, manufactures rubber from the latex processed from rubber plants grown in Kerala. Thereafter, he sold the rubber for ₹ 47 lakhs. The cost of

Question

Krupa · Answer

Solve as per DTR only if mentioned in question

Krupa · Answer

If your giving sept'24 or Jan'25 then follow Old tax regime

Krupa · Answer

2.5L × 0% = 0 2.5L × 5% = 12,500 5L × 20% = 1,00,000 5L × 30% = 1,50,000

Sunil · Answer

How 262500 comes explain

Siddharth · Answer

Okay Thank you. I was confused with Using OTR or DTR

Krupa · Answer

Total income as pe old tax regime = 262500 Less :- tax on agricultural income and BEL = (180000) Add :- cess @4% = 3300 Total tax liability = 85800

Mr. Rana, a resident and ordinarily resident aged 42 years, manufactures rubber from the latex processed from rubber plants grown in Kerala. Thereafter, he sold the rubber for ₹ 47 lakhs. The cost of

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