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tax props cwa inter dec. 2009

Tax queries 626 views 3 replies

The total income of Mrs. Z computed for the A.Y. is Rs. 2,00,000 which includes the following:

Long Term Capital Gain                   30,000

Winning from Lottries                        20,000

Short Capital Gain u/s 111A             10,000

Agriculture income earned by her was Rs. 50000.Compute the tax payable by Mrs. Z?

Replies (3)

Here the Minimum total income has to be equal to sec112 111A &  115 B and wrt agricultural income it has to be done under partial integration method

pls provide full solution

HIS NONAGRICULTURAL INCOME DOES NOT INCLUDE CASUAL INCOME AND CAPITAL GAINS SO HER NONAGRICULTURAL INCOME IS RS.140000 SO PARTIAL INTEGRATION WILL NOT APPLY


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