Preeti employed in a public sector bank parked her savings in listed equity shares of Indian companies besides borrowing for the purpose of investment in those shares. For the year ended 31st March, 2023 she has received
CS Executive · Tax Laws · PYQS · June 2023
Preeti employed in a public sector bank parked her savings in listed equity shares of Indian companies besides borrowing for the purpose of investment in those shares. For the year ended 31st March, 2023 she has received dividend of ₹4 lakh (gross) and interest payable on borrowing for the same period amounts to ₹1,70,000. How much of dividend is to be included in the total income of Preeti?
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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