CA Test Series
Following are the incomes of Mrs Leela for PY 2023-24 (ie, AY 2024-25):
• Salary accrued and received in India (Total amount received from employer) – ₹ 1,10,000
• Profit from a business at Australia - ₹ 90,000
• Dividend declared in Perth (by an Australia company) but received in India – ₹ 12,000
• Income from transfer of a long-term capital asset situated in India – ₹ 60,000
• Interest on debenture of a foreign company which was received in India – ₹ 18,000
• Interest received from a non-resident on a loan provided for a business carried on in India – ₹ 15,000
• Royalty received in Germany from a resident for technical services provided for a business carried on in Germany
– ₹ 60,000
• Fees from an Indian company carrying on business at Delhi from technical services rendered at Delhi having
been directly deposited by the company in her bank account in Delhi – ₹ 90,000
Part (i) - Determine Mrs Leela’s taxable income if she is ROR:
a) ₹ 4,05,000
b) ₹ 3,35,000
c) ₹ 3,65,000
d) ₹ 4,55,000
Part (ii) - Determine Mrs Leela’s taxable income if she is NOR:
a) ₹ 2,55,000
b) ₹ 2,15,000
c) ₹ 1,65,000
d) ₹ 3,05,000
Part (iii) - Determine Mrs Leela’s taxable income if she is NR:
a) ₹ 3,05,000
b) ₹ 1,65,000
c) ₹ 2,15,000
d) ₹ 2,55,000
The answer for the part (1) is 405,000, part (2) and (3) is 2,55,000, but I am getting different answers for all parts for this question. Please solve it and let me know how to solve it.
