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5 Marks and 8 Marks Question Answer
5 Marks and 8 Marks Question Answer
1. From the following information compute the Total Income of Miss Pooja
for the assessment year 2017-18 is she is Resident Not orinary
Resident and Non Resident: (BBA QP 2015)
Income from Business in HUbbli Rs 40000
Dividend from foreign Company Rs 15000
Income from House property in Benglore received in Japan Rs
2000
Income from business in India but controlled from Pakistan Rs
10000
Income from Business in Canada the business being
controlled from Belgium (1/3rd received in India) Rs 42000
Past Untaxed foreign Income brought into India Rs 10000
Agriculture Income in Japan Rs 5000
Interest received from a French company and received
outside India Rs 10000
2. From the following information compute the Total Income of Miss Komal
for the assessment year 2017-18 is she is Resident Not orinary
Resident and Non Resident: (BBA QP 2014)
Income from Business in Mumbai Rs 50000
Dividend from foreign company received in England RS 10000
Income from House property in India received in England Rs
10000
Income from Business in Mysore controlled from Japan Rs
5000
Income from business in Iran controlled from Mumbai Rs
40000
Served for 2 months in Indian embassy situated in Syria and
Salary received there Rs 15000
Past Untaxed foreign income brought into India Rs 8000
Agriculture Income in India Rs 10000
The following are the incomes of Mr vinay for the Previous
year 2011-2012
Income from salary in Benglore Rs 80000
Income from houseproperty in Srilanka received and
deposited there in a bank