Income from other sources under income tax act

Anuj Sharma (115 Points)

19 October 2022  
Mr. X, aged 61 years, earned dividend of ` 12,00,000 from ABC Ltd. in P.Y. 2021-22. Interest on loan taken for the purpose of investment in ABC
Ltd., is ` 3,00,000. Income included in the hands of Mr. X for P.Y. 2021-22 would be-