Laxmi received ₹30,000 per month by way of family pension (consequent to demise of her husband, who died in April, 2019). She has opted for section 115BAC of the Income Tax Act, 1961 for the assessment year 2023-24. How
CS Executive · Tax Laws · PYQS · June 2023
Laxmi received ₹30,000 per month by way of family pension (consequent to demise of her husband, who died in April, 2019). She has opted for section 115BAC of the Income Tax Act, 1961 for the assessment year 2023-24. How much of her family pension is includible in her total income?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
Related Questions in this Topic
- Which of the following criteria would make a foreign company to have its active business outside India? (i) Passive inco...
- Crow Ltd is engaged in export of articles and things eligible for deduction under section 10AA of the Income Tax Act, 19...
- Raghu retired on 31st October, 2022 after rendering service for 32 years in a listed company. He received ₹23,00,000 as ...
- Dave & Co. made a turnover of ₹160 lakh during the financial year 2022-23. It received ₹90 lakh by way of RTGS and n...
- CVR & Co. has speculation business loss of ₹12,40,000 for the assessment year 2023-24. For how many assessment years...