The estimated gross total income of Raja is ₹7,70,000 which includes ₹80,000 on account of long-term capital gain earned on 16.09.2020. Compute the advance tax payable including long-term capital gain by Raja assuming ₹5

CS Executive · Tax Laws and Practice · PYQS · June 2021
The estimated gross total income of Raja is ₹7,70,000 which includes ₹80,000 on account of long-term capital gain earned on 16.09.2020. Compute the advance tax payable including long-term capital gain by Raja assuming ₹5,000 has been deducted at source during the financial year 2020-21 ?
(A) ₹66,500
(B) ₹69,160
(C) ₹64,160
(D) ₹61,500

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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