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Dt rtp mcq

Final 1472 views 4 replies

Mr. Gagan, aged 67 years and resident, is a retired person earning a monthly pension of

` 12,000 from his employer. He purchased a piece of land in Delhi in December, 2010

and sold the same in April, 2018. Taxable LTCG amounted to ` 2,80,000. Apart from

pension income and gain on sale of land, he is not having any other income. What will be

his tax liability (rounded off) for the year 2018-19?

(a) ` 25,790

(b) ` 6,450

(c) ` 4,370

(d) ` 17,470

Replies (4)
25790 is correct rtp mai wrong answer given
salary income - 12000*12 = 144000
less - std deduction = 40000
total salary income = 104000
LTCG = 280000
gross total income = 384000
basic exemption limit for senior citizen is 3,00,000
balance LTCG = 84000 *20%= 16800 + 4% H&EC =17470
can u help on question 8
wrong h mcqs


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