Chirag a resident individual of 67 years of age had total income earned from different sources during the previous year 2019-20 being computed as per provisions of Income-tax Act, 1961 of ₹4,75,000. His tax liability on
CS Executive · Tax Laws · PYQS · December 2020
Chirag a resident individual of 67 years of age had total income earned from different sources during the previous year 2019-20 being computed as per provisions of Income-tax Act, 1961 of ₹4,75,000. His tax liability on such income for the Asst. Year 2020-21 will be but tax payable shall be nil.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Computation of Total Income and Tax Liability
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