Raman holds 30% of shares in RS Limited. His Spouse is a software engineer. Now Mrs. Raman is drawing a remuneration of ₹50,000 per month (1st April, 2021 to 31st March, 22) from RS Limited. The salary of spouse of Raman

CS Executive · Tax Laws · PYQS · June 2022
Raman holds 30% of shares in RS Limited. His Spouse is a software engineer. Now Mrs. Raman is drawing a remuneration of ₹50,000 per month (1st April, 2021 to 31st March, 22) from RS Limited. The salary of spouse of Raman will be taxable in the hands of.........
(A) Raman
(B) Spouse of Raman
(C) Whosever income is higher
(D) As per discretion of Assessing Officer

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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