A political party have the following Income during the Financial Year 2023-24 is as follows: Banks Interest ₹ 4,50,000 Rent from Letting the Building ₹ 2,50,000 Voluntary contribution by cheque ₹ 6,00,000 The total Incom

CS Executive · Tax Laws · PYQS · June 2024
A political party have the following Income during the Financial Year 2023-24 is as follows: Banks Interest ₹ 4,50,000 Rent from Letting the Building ₹ 2,50,000 Voluntary contribution by cheque ₹ 6,00,000 The total Income of the political party for the Assessment Year will be:
(A) ₹ 13,00,000
(B) ₹ 10,50,000
(C) ₹ 8,50,000
(D) Nil

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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