Surjeet, invested ₹22,00,000 in equity oriented mutual fund specified under section 10(23D), during the previous year 2021-22, he earned Dividend Income of ₹7,50,000 from above investment. For this Investment Purpose, he
CS Executive · Tax Laws · PYQS · December 2022
Surjeet, invested ₹22,00,000 in equity oriented mutual fund specified under section 10(23D), during the previous year 2021-22, he earned Dividend Income of ₹7,50,000 from above investment. For this Investment Purpose, he has taken loan from Axis bank and paid Interest of ₹2,20,000 during the previous year 2021-22. Income from other sources included in the hands of Surjeet for previous year 2021-22 would be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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