Steam (P) Ltd. reports total income of ₹20 lakh for the year ended 31st March, 2015. The total tax liability payable before 15th September, 2014 by way of advance tax is

CS Executive · Tax Laws and Practice · PYQS · December 2015
Steam (P) Ltd. reports total income of ₹20 lakh for the year ended 31st March, 2015. The total tax liability payable before 15th September, 2014 by way of advance tax is
(A) ₹92,700
(B) ₹2,78,100
(C) ₹1,85,400
(D) ₹3,09,600.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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