Radhika during the previous year 01.04.2019 to 31.03.2020 received (1) Dividend from XYZ Ltd of UK, a Foreign Company of ₹12,00,000 (2) Agriculture income from land in Rajasthan of ₹50,000 (3) Short term capital gain on
CS Executive · Tax Laws and Practice · PYQS · December 2020
Radhika during the previous year 01.04.2019 to 31.03.2020 received (1) Dividend from XYZ Ltd of UK, a Foreign Company of ₹12,00,000 (2) Agriculture income from land in Rajasthan of ₹50,000 (3) Short term capital gain on sale of shares of Indian company received in London of ₹60,000. Total Income of Radhika when she is a Resident and not Ordinarily Resident (R&NOR) for Assessment Year 2020-21 shall be:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B). Official source note: Radhika during the previous year 01.04.2019 to 31.03.2020 received (1) Dividend from XYZ Ltd of UK, a Foreign Company of ₹ 12,00,000 (2) Agriculture income 65
Topics: Residential Status and Scope of Total Income
Related Questions in this Topic
- Sita Raman born in U.K. is a foreign citizen. His father Radha Raman was born in Rajasthan in 1960 and mother Geeta was ...
- The incidence of tax on income under the Act is linked with residential status of an assessee. Ram, an individual brough...
- Mrs. Mallick, an unregistered person, from Mumbai, has an account with a bank at Mumbai. She is on a vacation in Rajasth...
- If the goods so seized are of perishable or hazardous nature, such goods can be released by an order under GST INS-05 on...
- Section 9 of the IGST Act, 2017 defines: