ABC Co-operative society has total income (computed) of ₹3 lakh for the previous year ended 31st March, 2023. It has opted for section 115BAD of the Income Tax Act, 1961. How much is the income tax liability (rounding of
CS Executive · Tax Laws · PYQS · June 2023
ABC Co-operative society has total income (computed) of ₹3 lakh for the previous year ended 31st March, 2023. It has opted for section 115BAD of the Income Tax Act, 1961. How much is the income tax liability (rounding off) of the co-operative society for the assessment year 2023-24?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax Act, 1961
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