Mrs. Laxmi, 70 years old, received ₹30,000 every month from SBI under reverse mortgage scheme by mortgaging her residential house property. She also received monthly family pension of ₹15,000. Her total income for the as
CS Executive · Tax Laws and Practice · PYQS · June 2016
Mrs. Laxmi, 70 years old, received ₹30,000 every month from SBI under reverse mortgage scheme by mortgaging her residential house property. She also received monthly family pension of ₹15,000. Her total income for the assessment year 2016-17 is —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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