On the basis of the above information, you are required to give the following answers, assuming that he has shifted out of the default tax regime under section 115BAC : Compute the income chargeable under the head of "In
CS Executive · Tax Laws and Practice · PYQS · December 2025
On the basis of the above information, you are required to give the following answers, assuming that he has shifted out of the default tax regime under section 115BAC : Compute the income chargeable under the head of "Income from other sources" for Karan for the Assessment Year 2025-26.
Answer & Explanation:
Answer 1(c) Computation of Income under the head of Other Sources for Karan for A.Y. 2025-26 Particulars Amount (₹) Gift from Friend (non-relative) 75,000 Interest on bank FDRs 8,000 Interest on debentures (₹ 8,100 x 100/90) grossed-up 9,000 Income from Other Sources 92,000
Topics: Income Tax
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