Back to Question Paper
<<
Bachelor of Commerce – B.Com Part 2 (Second Year) Solved Assignments for 2020 Annual Examinations
SOL Solved Assignment
Code : ITA
Course Title : INCOME TAX AND AUDITING
ITA: Income Tax & Auditing Solved Assignment for 2020
Question 1. (b)Ms. Mohini, a non-resident, aged 61 years, in the previous year 2018-19, earned Rs. 3,50,000 from processing of agricultural produce in India. She earned USD 5,000 (1 USD=72) from agricultural land in Australia. Her non-agricultural income in India was Rs. 7,50,000 and outside India was Rs. 60,00,000 (estimated). She has contributed USD 1,000 in PM Relief Fund in Australia and Rs 70,000 (via Bank NEFT transfer) to the ‘International Society for Krishna Consciousness’ (eligible u/s 80G) in India. Compute her total taxable income in India for the A.Y. 2019-20.
ANSWER: NET TAXABLE INCOME = Rs.6,43,000/-
Click Here to Buy
