Divya earned dividend income from a company in UK ₹5,00,000. She also earned agriculture income from a land in Karnataka ₹2,40,000 and short-term capital gain on sale of shares ₹80,000. Her residential status for the ass
CS Executive · Tax Laws · PYQS · June 2023
Divya earned dividend income from a company in UK ₹5,00,000. She also earned agriculture income from a land in Karnataka ₹2,40,000 and short-term capital gain on sale of shares ₹80,000. Her residential status for the assessment year 2023-24 is resident and not ordinarily resident. How much is her total income?
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C), (D). Official source note: Correct Option is D. However, Option C may also be considered as correct if assuming dividend income from a foreign company is received in India and therefore included in total income.
Topics: Income Tax Act, 1961
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