Zing Zang is an individual, manufacturing a product. He has turnover of ₹98,50,000 which is inclusive of amount of ₹25 lakh received through electronic clearing system. The accounts are not properly maintained and you ha
CS Executive · Tax Laws and Practice · PYQS · June 2018
Zing Zang is an individual, manufacturing a product. He has turnover of ₹98,50,000 which is inclusive of amount of ₹25 lakh received through electronic clearing system. The accounts are not properly maintained and you have advised him to pay tax u/s 44AD of the Act. On how much income he will pay tax for A.Y. 2018-19:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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