Mr. Anuj (Age 65) resident of India has total income in India of ₹ 6 lakhs. His income from a foreign country with which there is no DTAA between India and that country, was ₹ 2 lakhs (converted). He paid income-tax at 2

CS Executive · Tax Laws and Practice · PYQS · June 2017
Mr. Anuj (Age 65) resident of India has total income in India of ₹ 6 lakhs. His income from a foreign country with which there is no DTAA between India and that country, was ₹ 2 lakhs (converted). He paid income-tax at 20% on the foreign income in that country. His net tax liability for the assessment year 2017-18 after relief under section 91 is:
(A) ₹ 61,800
(B) ₹ 41,200
(C) ₹ 20,600
(D) ₹ 82,400

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: International Taxation

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