Mandeep, (whose total income excluding this income is greater) has three minor daughters, whose total income are ₹4,500, ₹1,000 and ₹3,500 respectively. Total income clubbed in the hands of Mandeep for financial year 202
CS Executive · Tax Laws · PYQS · December 2022
Mandeep, (whose total income excluding this income is greater) has three minor daughters, whose total income are ₹4,500, ₹1,000 and ₹3,500 respectively. Total income clubbed in the hands of Mandeep for financial year 2021-22 is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B), (D). Official source note: Option B is correct i.e. ₹ 5000 assuming Mr. Mandeep has not opted for section 115BAC of the Income tax Act, 1961. Option D is correct i.e. ₹ 9000 assuming Mr. Mandeep has opted for section 115BAC of the Income tax Act, 1961.
Topics: Income Tax Act, 1961
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