Computation of tax liability

This query is : Resolved

MUKUL (Querist)
Follow

28 November 2014 LONg term capital gain- 20000 short term capital gain 111A- 10000 business income- 20000 winning from lottery - 5000 what is tax liability if assesse age is 40???

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
Follow

28 November 2014 Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
Follow

28 November 2014 Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed

Rupesh Jain

Rupesh Jain (Expert)
Follow

29 November 2014 tax to be paid on lottery income @ 30% . other income below rs. 200000/- then no tax.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Chaitanya Voolla

MEHUL M. KEVAT

K.S. ANANTHARAJAN

v.rama krishna

DEEPAK BHARGAVA

Subscribe Now

Computation of tax liability

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Article Assistant

GST CONSULTANT

Accountant

CA Final

Manager- Finance and Compliance