Padmaja has following income/loss for the previous year ended 31.03.2021: (i) income from lottery winning of ₹7,00,000; (ii) loss from non-speculation business of ₹3,00,000; and (iii) dividend from Indian companies of ₹5
CS Executive · Tax Laws · PYQS · June 2021
Padmaja has following income/loss for the previous year ended 31.03.2021: (i) income from lottery winning of ₹7,00,000; (ii) loss from non-speculation business of ₹3,00,000; and (iii) dividend from Indian companies of ₹50,000. What is her total income chargeable to tax for the assessment year 2021-22?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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