Mcq

No. Total income or taxable income without considering exemption limit.

CA Suraj Lakhotia

Admin

20-Sep-20 09:01

Then in this sum , the ans is 5000 . How this will arrive ?

Thread Starter

Srini Sriram

CA Final

★ 3K+

20-Sep-20 09:15

Interest income - 15,000 Less : Deduction 80TTA - 10,000 Taxable income - 5,000 How did you get 255000?

CA Suraj Lakhotia

Admin

20-Sep-20 14:03

Dividend income sir .

Thread Starter

Srini Sriram

CA Final

★ 3K+

20-Sep-20 14:08

Did he's a non resident and received outside , so it's not taxable ? Sir

Thread Starter

Srini Sriram

CA Final

★ 3K+

20-Sep-20 14:09

Dividend income is exempt.

CA Suraj Lakhotia

Admin

20-Sep-20 14:13

Sir , upto 1000000 is exempt but balance ?

Thread Starter

Srini Sriram

CA Final

★ 3K+

20-Sep-20 14:38

Sec 10(34) or some other ? Sir .

Thread Starter

Srini Sriram

CA Final

★ 3K+

20-Sep-20 17:54

Yes.

CA Suraj Lakhotia

Admin

21-Sep-20 16:47

Sir , Did for all assessee dividend income is fully exempt ?

Thread Starter

Srini Sriram

CA Final

★ 3K+

23-Sep-20 18:15

Yes

CA Suraj Lakhotia

Admin

23-Sep-20 21:28

Why sir ?

Thread Starter

Srini Sriram

CA Final

★ 3K+

23-Sep-20 22:20

Read 10(34) any income by way of dividends referred to in section 115-O 115-O talks about DDT.

CA Suraj Lakhotia

Admin

24-Sep-20 06:15

What if , in this case , he is a resident ? Did upto 10L is exempt and balance is charged u/s 115BBDA ?

Thread Starter

Srini Sriram

CA Final

★ 3K+

24-Sep-20 09:23

Is this in amendment ? Sir

Thread Starter

Srini Sriram

CA Final

★ 3K+

24-Sep-20 15:10

Sorry my bad. for resident - above 10 lakhs is taxable.

CA Suraj Lakhotia

Admin

25-Sep-20 17:57

No problem sir . Thank you sir .

Thread Starter

Srini Sriram

CA Final

★ 3K+

25-Sep-20 18:00