For the Assessment year 2021-22, Shankar is a non-resident in India. From the information given below, find out his income chargeable to tax for the Assessment year 2021-22: (iii) Income from rent of vacant plot in Mumba
CS Professional · Advanced Tax Laws · PYQS · December 2021
For the Assessment year 2021-22, Shankar is a non-resident in India. From the information given below, find out his income chargeable to tax for the Assessment year 2021-22: (iii) Income from rent of vacant plot in Mumbai given to a foreign company is ₹2,44,000, such income is received in foreign currency in Japan.
Answer & Explanation:
Computation of Taxable Income of Mr. Shankar (Non-Resident) for AY 2021-22 Particulars Amount Income from rent of vacant plot in Mumbai (such income is accrued in India, hence taxable) 2,44,000 Income Chargeable to Tax 2,44,000
Topics: Income Tax
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