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Ayush Kukkar posted in the group CA Inter Taxation Discussion Group
If the total income of the individual female taxpayer is ₹ 2,45,000 including casual income of ₹ 50,000, then find the tax liability. (for assessment year 2021-22)
(1) *2600
(3) *15,600
(2) *15,000
(4) Nil
2 Comments-
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ooooh thanks
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What point 5 means ? I think it means that we can ignore the entry because purchasing co. Has already paid it…..we will not do entry in selling co books.
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and then
26000. 50k par 30% milega i.e. 15000
Then rebate 12500
Balance 2500+4%=2600