Taxation

anu (B.Com) (87 Points)

20 February 2014  

please  answer for this question..

mr.z gifted rs.20,00,000 to his wife.she invested that money in a business along with her own investment of rs. 10,00,000. mrs.z has no other incomes while the business incomes of mr.z for the FY.IS 7,50,000. taxable income of mr.z and mrs.z shall be ???

please find the answer and step should be must.....

help me..plz