Tax liability of Raj Co-operative Society (which opts to pay tax under section 115 BAD) on the total income of ₹90,000 for F.Y. 2020-21 is :

CS Executive · Tax Laws and Practice · PYQS · June 2021
Tax liability of Raj Co-operative Society (which opts to pay tax under section 115 BAD) on the total income of ₹90,000 for F.Y. 2020-21 is :
(A) ₹24,960
(B) ₹20,592
(C) ₹19,800
(D) ₹24,000

Answer & Explanation:

The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: None of the options are correct. The correct answer is ₹ 22650.

Topics: Income Tax Act, 1961

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