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Tax liability mcq
Direct Taxation
Ans is 5720 . How it is calculated. Question attached
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Nirmmala PaulyQuestion no 2
Basic Exemption Limit is 300000 Unexhuasted limit 25000(300000-275000) Capital gain tax 180000-100000-25000 =55000Ã?10% =5500 Tax liability 5500+4% HEC = 5720
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