Two Children had separate income of ₹2,000 and ₹1,000 respectively which have to be clubbed to the income of their father Mr. X for the assessment year 2021-22. What amount of Income will be exempted from father's income

CS Executive · Tax Laws and Practice · PYQS · December 2021
Two Children had separate income of ₹2,000 and ₹1,000 respectively which have to be clubbed to the income of their father Mr. X for the assessment year 2021-22. What amount of Income will be exempted from father's income ?
(A) ₹1,000
(B) ₹2,000
(C) ₹3,000
(D) ₹2,500

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic