Sarath has received a sum of ₹3,40,000 as interest on enhanced compensation for compulsory acquisition of land by State Government in May, 2014. Of this, only ₹12,000 pertains to the current year and the rest pertains to
CS Executive · Tax Laws and Practice · PYQS · June 2015
Sarath has received a sum of ₹3,40,000 as interest on enhanced compensation for compulsory acquisition of land by State Government in May, 2014. Of this, only ₹12,000 pertains to the current year and the rest pertains to earlier years. The amount chargeable to tax for the assessment year 2015-16 would be
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax
Related Questions in this Topic
- Senthil employed in a nationalized bank incurred ₹60,000 towards medical expenditure of his parent who is a senior citiz...
- Income tax assessment of Kuber was completed on 15-12-2018 for the assessment year 2016-17. There is an error apparent i...
- Income tax assessment of Ajay was completed determining the income at ₹8,40,000 as against the returned income of ₹5,40,...
- A resident having transaction with a non-resident who has filed form 35D for advance ruling, can withdraw the applicatio...
- When the Advance Pricing Agreement (APA) has been entered into, it is valid for not more than __________ consecutive pre...