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Return of Income chapter MCQ Query

Direct Taxation

Kindly see the attached image and please explain it a bit...

Capture.JPG
Deepak Gupta

Deepak Gupta

CA Inter

★ 1K+

26-Sep-20 12:55

330

Answers (1)

Basic exemption limit is 2.5 lacs. They have arrived at 1.4 lacs after subtracting 1.1 lacs ( 80k + 30K)from it - it is incorrect. The correct answer should be Rs2.5 lacs only

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Sriram Somayajula

Sriram Somayajula

Admin

27-Sep-20 13:52

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