Que.
4
2 Marks
Mr. Ram, a resident individual aged 40 years, has total income of ₹4,15,00,000 for A.Y.2024-25 which comprises of salary (computed) of ₹1,80,00,000, long-term capital gains of ₹60,00,000 u/s 112, long- term capital gains of ₹ 45,00,000 u/s 112A, short-term capital gains of ₹ 1,00,00,000 u/s 111A, dividend of 10,00,000 and interest income of₹20,00,000. What would be his tax liability for A.Y.2024-25, assuming that he does not opt for section 115BAC?
(a) 1,17,01,690
(c) 1,10,65,990
(b) 1,17,13,650
(d) 1,10,77,950
In this question income excluding capital gain and dividend is 2cr so on that 2 cr surcharge will be 15% or 25%
April 17, 2024
KK & Co, a partnership firm, is a distributor of pan masala in Uttar Pradesh. In commenced business in 1.4.2023. Aggregate turnover is 200 lakh for FY 2023-24. Whether it is eligible to pay tax u/s 10 for FY 2023-24?
Can someone tell me pls
April 14, 2024