RAJA Ltd. has earned income of ₹150 lakh inclusive of income of ₹50 lakh from the transfer of Carbon Credit during the year 2018-19. The company had incurred an amount of ₹5 lakh as transfer expenses on transfer of Carbo
CS Executive · Tax Laws · PYQS · December 2019
RAJA Ltd. has earned income of ₹150 lakh inclusive of income of ₹50 lakh from the transfer of Carbon Credit during the year 2018-19. The company had incurred an amount of ₹5 lakh as transfer expenses on transfer of Carbon Credit. The income received from transfer of Carbon Credit in the A.Y. 2019-20 shall be taxed as per section 115BBG of the Act and the amount of tax on such income payable shall be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax Act, 1961
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