Mr. Micklu having business Income of ₹ 2,11,850. Long Term Capital Gain from sale of Land is ₹ 86,678 and Income from other sources from Bank Interest is ₹ 2,172 for the Financial Year ended 31.03.2024. What will be the
CS Executive · Tax Laws · PYQS · December 2024
Mr. Micklu having business Income of ₹ 2,11,850. Long Term Capital Gain from sale of Land is ₹ 86,678 and Income from other sources from Bank Interest is ₹ 2,172 for the Financial Year ended 31.03.2024. What will be the tax payable by him if he is opting under section 115 BAC ?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act
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