Raghu, aged 62 years, has pension income of ₹2,40,000 and rental income (computed) of ₹3,60,000 for the financial year 2015-16. How much amount he must have paid as advance tax in September, 2015 —
CS Executive · Tax Laws and Practice · PYQS · June 2016
Raghu, aged 62 years, has pension income of ₹2,40,000 and rental income (computed) of ₹3,60,000 for the financial year 2015-16. How much amount he must have paid as advance tax in September, 2015 —
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: ** The question is silent regarding residential status of assessee. If assumed as resident the answer is NIL. If assumed as non-resident the answer is ₹ 13,905.
Topics: Income Tax
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