Xavier, a resident and ordinary resident had the income computed under the salary of ₹1,20,000; agriculture income of ₹25,000 in Indonesia being invested there and income of a business in Burma controlled from India of ₹
CS Executive · Tax Laws · PYQS · December 2020
Xavier, a resident and ordinary resident had the income computed under the salary of ₹1,20,000; agriculture income of ₹25,000 in Indonesia being invested there and income of a business in Burma controlled from India of ₹20,000 during the previous year ended on 31.3.2020. He has brought into India ₹45,000 in January, 2020 out of the past untaxed profits earned in UK. His total income for tax purpose for Asst. Year 2020-21 shall be:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Residential Status and Scope of Total Income
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