Govind, a resident individual has following incomes: Salary ₹5,60,000; Loss from house property (let out) ₹60,000; Loss from house property (self-occupied) ₹1,80,000; and long-term capital gain on sale of vacant land ₹8,
CS Executive · Tax Laws · PYQS · June 2023
Govind, a resident individual has following incomes: Salary ₹5,60,000; Loss from house property (let out) ₹60,000; Loss from house property (self-occupied) ₹1,80,000; and long-term capital gain on sale of vacant land ₹8,00,000. How much is the total income of Govind for the assessment year 2023-24?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C). Official source note: Govind, a resident individual has following incomes : Salary ₹ 5,60,000; Loss from house property (let out) ₹ 60,000; Loss from house property (self -occupied) ₹ 1,80,000; and long -term capital gain on sale of vacant land ₹ 8,00,000. How much is the total income of Govind for the assessment year 2023 -24? (A) ₹ 13, 60,000
Topics: Income Tax Act, 1961
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